Six Important Facts about Dependents and Exemptions
January 17, 2012
Washington, D.C. – Even though each individual tax return is different, some tax rules affect every person who may have to file a federal income tax return. These rules include dependents and exemptions.
The Internal Revenue Service (IRS) has six important facts about dependents and exemptions that will help you file your 2011 tax return. [Read more]
Ten Tax Benefits for Parents
February 20, 2011
Washington, D.C. – Did you know that your children may help you qualify for some tax benefits? Here are 10 tax benefits the IRS wants parents to consider when filing their tax returns this year.
- 1. Dependents In most cases, a child can be claimed as a dependent in the year they were born. For more information see IRS Publication 501, Exemptions, Standard Deduction, and Filing Information.
- Child Tax Credit You may be able to take this credit on your tax return for each of your children under age 17. If you do not benefit from the full amount of the Child Tax Credit, you may be eligible for the Additional Child Tax Credit. For more information see IRS Publication 972, Child Tax Credit. [Read more]
Six Important Facts about Dependents and Exemptions
January 22, 2011
Washington, D.C. – Some tax rules affect every person who may have to file a federal income tax return – these rules include dependents and exemptions.
Here are six important facts the IRS wants you to know about dependents and exemptions that will help you file your 2010 tax return. [Read more]
2010 Changes Offer Expanded Tax Benefits
January 7, 2011
Three Extra Days to File and Pay
Washington, D.C. – Taxpayers, nationwide, will have until Monday, April 18th, 2011, to file their 2010 returns and pay any taxes due. Taxpayers get the extra time because Emancipation Day, a holiday in the District of Columbia, is observed this year on Friday, April 15th. By law, D.C. holidays impact tax deadlines in the same way that federal holidays do.
The April 18th deadline applies to any return or payment normally due on April 15th. It also applies to the deadline for requesting a tax-filing extension and for making 2010 IRA contributions. [Read more]
