tax credit | 2010 Taxes

Category Archives: tax credit

Why Pay More When You Can Use FreeTaxUSA to Do Your Taxes

April 8, 2010 – 5:01 pm

Everyone knows about the tax companies advertising that they will do your taxes for a low cost of $xx. But why pay their “low cost”, which is usually between $30 and $100, when you can have your taxes done for free? These companies that charge for their service purport to do your taxes for you, allegedly. Really what they do is have you answer all the questions asked on tax forms but in a simpler way. You are still doing half the work.

By Steve | Also posted in tax filing, tax preparation | Tagged automated software, free tax usa, freetaxusa, Tax, tax credits, tax preparer, tax returns, tax service companies, taxes done for free | Comments Off

Earned Income Credit Missed by Many

February 3, 2010 – 1:26 pm

One of the best tax credits available today is the Earned Income Credit but many individuals don’t claim it even when they qualify. These individuals may not have qualified last year but their financial, marital, or dependent situation may have changed making them now qualified.

By Steve | Also posted in tax filing, tax forms, tax tips | Tagged Credit, dependents, earned income credit, eitc, household, Income, irs gov, tax credit, valid social security number | Comments Off

The Government Retiree Tax Credit

February 1, 2010 – 5:41 pm

If you are a government retiree and received a pension during 2009, you could be eligible to the Government Retiree Tax Credit. An extra $250 in tax credits is available to federal, state and local government retirees. This credit was created with the ARRA bill passed early in the current presidential administration’s tenure.

By Steve | Also posted in tax filing, tax forms, tax tips | Tagged arra, Credit, Government, government retirees, making work pay, pension, schedule M, social security system, The Government Retiree Tax Credit | Comments Off

How to Check Your Tax Refund Status Online?

January 28, 2010 – 5:22 pm

Knowing that a tax refund is due after filing their tax returns, many people become happy. In case you have a refund due, then you can check your tax refund status online and here’s how.

By Steve | Also posted in tax forms, tax tips | Tagged IRS, irs web site, online, refund, Tax, tax payments, tax refund, tax refund online, tax refund status, tax refunds, tax return, where is my refund | Comments (1)

Must I File a Tax Return for 2009?

January 27, 2010 – 1:25 pm

The short answer to this question, do I have to file a tax return, is yes if your income is above the level required for your filing status. But a couple additional pieces of information affect the answer including your age and the source of your income.

By Steve | Also posted in e-file, tax filing, tax tips | Tagged do i need to file, do i need to file a return?, file a return, file a tax return, get a refund, irs requirements, medical savings accounts, must i file, Return, social security and medicare, Tax | Comments Off

The Making Work Pay Tax Credit

January 22, 2010 – 1:37 pm

Created by the ARRA federal bill with an aim at leading to an economic recovery in the US, the Making Work Pat tax credit is something you should be familiar with when completing your tax return for 2009.