Posts tagged as:

tax-credit

Veterans Day Tax Bill Moves Forward

11 November 2011

When I was in high school, the coolest grown-up that I knew enlisted in the service. My older brother, Rob (okay, so maybe my circle of cool grown-ups was somewhat limited), joined the Navy. He drove me back to school shortly after the announcement, somehow managing to get lost between our tiny town and Durham, [...]

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New Jersey Says No To Tax Credit for “Jersey Shore”

26 September 2011

As it turns out, the New Jersey tax credit wasn’t a “shore” thing after all (I know, it was a terrible pun but I couldn’t help it). New Jersey Gov. Chris Christie (R) has decided against a $420,000 tax credit for the hit MTV show, Jersey Shore, taking his veto pen to the credit after [...]

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Back to School: Education Tax Credits

18 September 2011

Education tax credits can help offset the costs of paying for your education or costs you pay for an eligible student who is your spouse or a dependent you claim on your tax return. For 2011, the American Opportunity Credit and the Lifetime Learning Credit are available to qualified taxpayers who pay expenses for eligible [...]

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Here’s the Situation: Call to Block “Jersey Shore” Tax Credit

16 September 2011

When you live in Philadelphia, you have to make fun of New Jersey. I think it’s in the City charter or something. And as much as I love Jon Stewart, Springsteen, fresh blueberries and the oh-so-civilized liquor laws, I still can’t help but poke fun at state whose residents identify themselves by exit numbers and [...]

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Mmm… Obama’s Plan Is So “Job Creating”

12 September 2011

President Obama will send his new jobs creation plan to Congress later today. He’s going to pitch it first in the Rose Garden surrounded by the kinds of folks that make for good press (vets and teachers, for example) and then send it to Congress for consideration. It’s not going to be an easy road. [...]

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Ten Tips For Claiming Summer Camp Expenses On Your Taxes

29 June 2011

If your household is anything like mine, you’re in full summer camp mode right now…  With school out, summer becomes a whirlwind of vacations and summer camp – especially for working parents who depend on summer camp as child care. Fortunately, expenses associated with summer camp may result in a tax break in the form [...]

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Waiting on Another Federal Stimulus Check?

8 June 2011

Prepare to keep waiting. A flurry of dismal news including a somber May jobs report and a less than encouraging report from Federal Reserve Chairman Ben Bernanke sent stocks and spirits lower midweek. Traditionally, that combination of factors leads to talk of a federal stimulus to give the economy a bit of a shot in [...]

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It’s Baaaack: Making Work Pay Credit

15 February 2011

My inbox is already filled with taxpayers trying to wrap their heads around the Making Work Pay Credit. Yep, it’s back and just as confusing as it was last year. Here are a few tips to help you sort it out: The Making Work Pay Credit did go away under the new tax deal (it [...]

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Making Sense of the Making Work Pay Credit (2011)

15 February 2011

So now that you’ve calculated the Making Work Pay Credit for the 2010 tax year, what does it all mean? It’s important to understand what a tax credit is exactly to figure out how it applies to you. A credit is a dollar for dollar reduction in your tax bill (as opposed to deductions which [...]

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Calculating the Making Work Pay Credit (2011)

15 February 2011

There have been few changes in the Making Work Pay Credit since last year (look for my post later today summarizing what you need to know). Those changes are, however, enough to throw taxpayers, so I’ve updated what you need to know to calculate the credit. As it was last year, if you were paid [...]

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