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taxgirl® - tax news, tax info and tax policy

June 20th, 2008

Ask the taxgirl: Kiddie Tax

Taxpayer asks:
My son wants to know when he’ll have to file for taxes, he started mowing lawns this summer and is getting paid $25 per yard.
Taxgirl says:
Wow, I feel old. I used to get paid $10/yard for biggish yards in the country. *sigh*
Whether your son will have to file and pay depends […]

By Kelly -- 0 comments

May 9th, 2008

Fix the Tax Code Friday: Child Related Exemptions and Credits

It’s the return of Fix the Tax Code Friday!
Since there’s been some discussion on the blog lately about whether or not parents should receive tax “benefits” in the form of exemptions and credits, I thought I would make it the Fix the Tax Code Friday question:
Should parents be entitled to exemptions and credits to offset […]

By Kelly -- 15 comments

February 28th, 2008

9 Child-Related Tax Breaks That You May Be Overlooking

In recent weeks, I’ve received a flurry of emails from parents asking about whether band uniforms, soccer cleats and other expenses related to children are deductible. I thought it might be useful to have a checklist of some child-related deductions that you may be overlooking.
1, Child tax credit. If your modified AGI (adjusted […]

By Kelly -- 0 comments

October 19th, 2007

Fix the Tax Code Friday: Cigarette Tax

Today’s Fix the Tax Code Friday question is a reflection of the failed bill to fund insurance for children:
Should smokers pay for the children’s health insurance bill with an increase in cigarette tax?
Tags: children, cigarette-tax, insurance, smokers, vetoShare This

By Kelly -- 0 comments

October 1st, 2007

Fund children’s insurance on the backs of smokers?

Okay, don’t get me wrong. I think that providing universal health care options for children should be a priority in our country. However, shifting the burden to smokers to avoid what is essentially a political fight (the “who will pay for it” argument going on between the President and the Senate) is just […]

By Kelly -- 2 comments

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