Posts tagged as:

earned income tax credit

Are Christmas Loans and RALs Your Only Options for Holiday Shopping?

4 December 2011

While some indicators point towards an economy on the mend (including steady inflation rates and strong Black Friday sales), it’s clear that many Americans are still financially strapped. This has been particularly evident over the past few weeks as my email inbox has been chock full of questions about whether H&R Block will be offering [...]

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Occupy Wall Street Raises Questions About Taxes, Money and Blame

18 October 2011

Yesterday marked the month long anniversary of Occupy Wall Street. I realize that there are those that quibble with the dates as the actual protest has been a long time coming but the first organized group of protestors reportedly hit the streets of New York City on September 17, marking the more or less official [...]

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IRS Proposes New Regulations for Submitting EITC Claims

7 October 2011

The IRS announced this week that it is changing the filing requirements for tax pros who submit a federal tax return claiming the Earned Income Tax Credit (EITC). Under new proposed regulations, paid tax preparers submitting EITC claims must also file a federal form 8867, Paid Preparer’s Earned Income Credit Checklist (downloads as a pdf). [...]

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Back to School: Tax & Organizational Tips

27 September 2011

It’s nearly the end of September (whew) and we’re wrapping up back to school. To help you stay organized, I’ve made a list of five quick tax tips – for everyone but especially students – to keep in mind: April 15 of each year is the due date for filing your federal individual income tax [...]

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Ask the taxgirl: Double Dipping on Dependents

16 April 2011

Taxpayer asks: Hi TaxGirl, Great website. You have put together a stunning resource. I really have enjoyed looking around! I have a brief question. I am 23, have a job, and live on my own. I went ahead and filed a federal return in February claiming myself as a dependent. I received a tax refund [...]

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Tax Benefits for the Disabled

9 February 2010

I’ve been getting a lot of questions from disabled taxpayers about whether any special tax breaks exist for them in 2009. The answer is yes – and no. As I stated in a prior post, there was some economic relief for disabled Americans in 2009 in the form of the Economic Recovery Payment (ERP) – [...]

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Ask the taxgirl: EITC Eligibility

5 February 2010

Taxpayer asks: I was told that if I make more than 46,000.00, my family didn’t qualify for the EIC. My wife saw on the news this morning that if you make less then 71,000.00 that we should qualify. I’m married with two children, one born in 2009. Which is correct? Thanks Taxgirl says: Hmm. As [...]

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Hey Congress, Why Don’t You…? Take a Second Look

4 September 2009

Robert D Flach, the internet’s “Wandering Tax Pro“, writes: If I ruled the world, or at least had a voice in rewriting the Tax Code, not only would every man be as free as a bird and every voice be a voice to be heard, but I would also make the following changes to our [...]

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Hey Congress, Why Don’t You…? Eliminate Benefits for Having Kids

2 September 2009

David Smith writes: If I could make one change in the tax code, I would eliminate any benefits for having children. I chose to be single. I chose not to have children. I am appalled to see how much our tax system subsidizes having children. It is welfare, just put forth another way. I already [...]

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