Claiming Answers
What are the regs around claiming an additional dependent to your taxes?
Q. My mother is disabled and I am considering claiming her as a dependent on my taxes. She gets a monthly disability check, but no other income. Is there anything special I need to do or know. Would I then claim her disability as income, or would she just file and claim zero? I would hate to be auditted.
Asked by tajame - Wed Jan 30 16:35:06 2008 - United States - 3 Answers - Comments
A. If disability is her only income, no interest, dividends, W-2, she wouldn't have to file at all. You can claim her if you provide more than half her support. There are worksheets in Pub 17 (IRS.GOV) to help you determine if you're supporting her. Your mother can live with you or elsewhere, as long as she's not in a nursing home on Medicaid. Keep your records in case you get audited.
Answered by chatsplas - Wed Jan 30 16:44:17 2008
Q. My mother is disabled and I am considering claiming her as a dependent on my taxes. She gets a monthly disability check, but no other income. Is there anything special I need to do or know. Would I then claim her disability as income, or would she just file and claim zero? I would hate to be auditted.
Asked by tajame - Wed Jan 30 16:35:06 2008 - United States - 3 Answers - Comments
A. If disability is her only income, no interest, dividends, W-2, she wouldn't have to file at all. You can claim her if you provide more than half her support. There are worksheets in Pub 17 (IRS.GOV) to help you determine if you're supporting her. Your mother can live with you or elsewhere, as long as she's not in a nursing home on Medicaid. Keep your records in case you get audited.
Answered by chatsplas - Wed Jan 30 16:44:17 2008
Can you claim the hope credit for a dependant if you are also claiming the EIC?
Q. I am claiming my daughter as a dependant and she is a full time college student. When I filled my taxes I also claimed the EIC and the option of educational credits never came up. I am using an online program, so I was wondering if you are not able to claim both credits? Please let me know.
Asked by bird120480 - Tue Feb 6 03:24:07 2007 - United States - 2 Answers - Comments
A. Claiming the EIC does not disqualify you from the education credits. After your standard deduction and exemptions, did you have any taxable income? If so, then the education credits would reduce tax on that income. The education credits do not apply if no taxes are owed.
Answered by ninasgramma - Tue Feb 6 04:29:36 2007
Q. I am claiming my daughter as a dependant and she is a full time college student. When I filled my taxes I also claimed the EIC and the option of educational credits never came up. I am using an online program, so I was wondering if you are not able to claim both credits? Please let me know.
Asked by bird120480 - Tue Feb 6 03:24:07 2007 - United States - 2 Answers - Comments
A. Claiming the EIC does not disqualify you from the education credits. After your standard deduction and exemptions, did you have any taxable income? If so, then the education credits would reduce tax on that income. The education credits do not apply if no taxes are owed.
Answered by ninasgramma - Tue Feb 6 04:29:36 2007
Is claiming childcare expenses only beneficial if you are going to owe on your taxes?
Q. For instance.. without claiming it, if someone were to get $300 back would it increase that amount to claim the childcare expenses? Or would it only benefit a person who was going to owe taxes? I hope that makes sense.. Thanks.
Asked by Legs - Wed Jan 30 10:43:03 2008 - United States - 2 Answers - Comments
A. Claiming child care expenses is a credit toward the taxes you owe on line 46 of 2007 1040. I think you are talking about the bottom line for owing or receiving a refund. Some people owe tax on that line but they have credits that decrease that tax and depending on their return it would increase their refund. If the tax on line 46 is $0.00 then it wouldn't increase their refund because the credits are made to reduce your tax not necessarily increase your refund.
Answered by dawnc1040 - Wed Jan 30 10:54:00 2008
Q. For instance.. without claiming it, if someone were to get $300 back would it increase that amount to claim the childcare expenses? Or would it only benefit a person who was going to owe taxes? I hope that makes sense.. Thanks.
Asked by Legs - Wed Jan 30 10:43:03 2008 - United States - 2 Answers - Comments
A. Claiming child care expenses is a credit toward the taxes you owe on line 46 of 2007 1040. I think you are talking about the bottom line for owing or receiving a refund. Some people owe tax on that line but they have credits that decrease that tax and depending on their return it would increase their refund. If the tax on line 46 is $0.00 then it wouldn't increase their refund because the credits are made to reduce your tax not necessarily increase your refund.
Answered by dawnc1040 - Wed Jan 30 10:54:00 2008
How can I avoid claiming multiple deductions on a single purchase?
Q. I'm doing my taxes for my business but my primary worry is accidentally claiming the same purchase twice as a deduction. I use multiple cards and paypal and I'm worried that I will see the transaction in paypal and use it as a deduction and then use the same transaction on my banking account.
Asked by Jeff L - Wed Jan 13 17:36:59 2010 - United States - 2 Answers - Comments
A. Uh, did you keep records of your purchases when you bought them? The same item would only be listed there once. Otherwise you have some serious work to do.
Answered by Judy - Wed Jan 13 22:41:57 2010
Q. I'm doing my taxes for my business but my primary worry is accidentally claiming the same purchase twice as a deduction. I use multiple cards and paypal and I'm worried that I will see the transaction in paypal and use it as a deduction and then use the same transaction on my banking account.
Asked by Jeff L - Wed Jan 13 17:36:59 2010 - United States - 2 Answers - Comments
A. Uh, did you keep records of your purchases when you bought them? The same item would only be listed there once. Otherwise you have some serious work to do.
Answered by Judy - Wed Jan 13 22:41:57 2010
What are the rules for claiming the proceeds of a benefit fundraiser on personal income tax?
Q. My sister's family received proceeds of a community benefit fundraiser to assist them with the financial difficulties associated with her daughter's diagnosis of leukemia. The money raised, almost $ 5000.00, was given to the family to help with their regular financial obligations and extra costs of travel, medications, missed time at work when she goes for treatments, etc. What are the laws on claiming these funds on the family's income tax return?
Asked by Curious Cat - Wed Mar 24 23:31:17 2010 - Canada - 2 Answers - Comments
A. The money isn't income, no need to mention it on a tax return. If there is interest income on the money, the interest is income that needs to be reported. That they received gifts to help with the medical expenses does not change the amount they can claim for the non-refundable tax credit for medical expenses. Good luck to you and your family as you deal with your neice's illness. I hope she gets as well as possible.
Answered by BrainDeadZombie - Thu Mar 25 06:32:02 2010
Q. My sister's family received proceeds of a community benefit fundraiser to assist them with the financial difficulties associated with her daughter's diagnosis of leukemia. The money raised, almost $ 5000.00, was given to the family to help with their regular financial obligations and extra costs of travel, medications, missed time at work when she goes for treatments, etc. What are the laws on claiming these funds on the family's income tax return?
Asked by Curious Cat - Wed Mar 24 23:31:17 2010 - Canada - 2 Answers - Comments
A. The money isn't income, no need to mention it on a tax return. If there is interest income on the money, the interest is income that needs to be reported. That they received gifts to help with the medical expenses does not change the amount they can claim for the non-refundable tax credit for medical expenses. Good luck to you and your family as you deal with your neice's illness. I hope she gets as well as possible.
Answered by BrainDeadZombie - Thu Mar 25 06:32:02 2010
If my parents are not claiming my tuition payments and are not claiming me as a dependent, can i claim them?
Q. My parents live overseas and paid for my tuition in the spring of 2007. I started working in may of 2007 and will be filing my own tax return. I wanted to claim the payments my parents made toward my tuition in 2007 on my return, since they are not claiming them themselves and are not claiming me as a dependent.
Asked by anonymous11 - Fri Mar 7 13:40:00 2008 - United States - 4 Answers - Comments
A. No, because you didn't make the payments, they did. Logically, if you claimed making the payments, you'd also have to claim them giving you the money (to make the payment in the first place) as income. (And you wouldn't want to do that). If they didn't claim you as a dependent, though, you can claim yourself when you file.
Answered by wizbangs - Fri Mar 7 13:43:05 2008
Q. My parents live overseas and paid for my tuition in the spring of 2007. I started working in may of 2007 and will be filing my own tax return. I wanted to claim the payments my parents made toward my tuition in 2007 on my return, since they are not claiming them themselves and are not claiming me as a dependent.
Asked by anonymous11 - Fri Mar 7 13:40:00 2008 - United States - 4 Answers - Comments
A. No, because you didn't make the payments, they did. Logically, if you claimed making the payments, you'd also have to claim them giving you the money (to make the payment in the first place) as income. (And you wouldn't want to do that). If they didn't claim you as a dependent, though, you can claim yourself when you file.
Answered by wizbangs - Fri Mar 7 13:43:05 2008
UK: How would I go about reporting someone who is falsely claiming disability benefits?
Q. I know of someone who is falsely claiming benefits for a disability they do not have. How would I go about reporting this? Thanks in advance.
Asked by Liam - Tue Feb 2 21:33:21 2010 - Law & Ethics - 5 Answers - Comments
A. dept of work and pensions specifically https://secure.dwp.gov.uk/benefitfraud/ or
Answered by clarabel74 - Tue Feb 2 21:42:34 2010
Q. I know of someone who is falsely claiming benefits for a disability they do not have. How would I go about reporting this? Thanks in advance.
Asked by Liam - Tue Feb 2 21:33:21 2010 - Law & Ethics - 5 Answers - Comments
A. dept of work and pensions specifically https://secure.dwp.gov.uk/benefitfraud/ or
Answered by clarabel74 - Tue Feb 2 21:42:34 2010
How much will i recieve on my tax refund for claiming my first child?
Q. I am claiming my first child this year on my taxes. How much will I recieve for cliaming her? I heard you recieve a grand for claiming your first child is this true?? or do they base it on you income and how much you paid out in taxes??
Asked by Heather - Sat Jan 19 22:46:17 2008 - United States - 2 Answers - Comments
A. You receive an additional exemption for the child. Your refund depends on income and amount withheld among other factors.
Answered by bud68 - Sat Jan 19 22:55:20 2008
Q. I am claiming my first child this year on my taxes. How much will I recieve for cliaming her? I heard you recieve a grand for claiming your first child is this true?? or do they base it on you income and how much you paid out in taxes??
Asked by Heather - Sat Jan 19 22:46:17 2008 - United States - 2 Answers - Comments
A. You receive an additional exemption for the child. Your refund depends on income and amount withheld among other factors.
Answered by bud68 - Sat Jan 19 22:55:20 2008
When can parents stop claiming their children as dependents on their taxes?
Q. I'm doing my siblings taxes and my parents are still planning on claiming them. Legally, when do they need to stop? Is there an age limit? I'm in the US. Also, what if one was in college at the beginning of the year, but not at the end?
Asked by Mrs. Smith - Fri Feb 15 14:20:51 2008 - United States - 4 Answers - Comments
A. 19, if not in college. 24, if in college. However, there are income restrictions on claiming dependents. If the parents do not provide more than half their support, they cannot claim them as dependents either.
Answered by T K - Fri Feb 15 14:27:23 2008
Q. I'm doing my siblings taxes and my parents are still planning on claiming them. Legally, when do they need to stop? Is there an age limit? I'm in the US. Also, what if one was in college at the beginning of the year, but not at the end?
Asked by Mrs. Smith - Fri Feb 15 14:20:51 2008 - United States - 4 Answers - Comments
A. 19, if not in college. 24, if in college. However, there are income restrictions on claiming dependents. If the parents do not provide more than half their support, they cannot claim them as dependents either.
Answered by T K - Fri Feb 15 14:27:23 2008
What needs to be filed when claiming a dependent?
Q. I really couldn't ask this question in 110 words, so ill detail what I'm asking here. Hypothetically, lets say someone is claimed as a dependent by their parents. What information about the dependent does the parent need to know? For instance, if the dependent buys a car, does the parent need to disclose this when claiming the dependent? What about if the dependent buys a house, or opens up a bank account. Does the parent need to list any of this on their taxes? Ok, lets say it was just a car, and the parent was certain that he/she could claim the child as a dependent. Then what?
Asked by Dave F - Thu Feb 5 13:20:28 2009 - United States - 1 Answers - Comments
A. By definition, in this case, if your son or daughter is older than 19, and made less than $3500 last year, AND was supported more than 50% (income) by you (the parent in this case) then he/she would qualify as a dependent. If your son or daughter made more income, is not going to school, then you CANNOT claim them as dependents. From the information that you are giving me, a person who is able to buy a house would suggest that he/she is making a lot more money than $3500, so immediately you would know they don't qualify as dependents. He/she would need to file their own return.
Answered by #125 - Thu Feb 5 13:37:08 2009
Q. I really couldn't ask this question in 110 words, so ill detail what I'm asking here. Hypothetically, lets say someone is claimed as a dependent by their parents. What information about the dependent does the parent need to know? For instance, if the dependent buys a car, does the parent need to disclose this when claiming the dependent? What about if the dependent buys a house, or opens up a bank account. Does the parent need to list any of this on their taxes? Ok, lets say it was just a car, and the parent was certain that he/she could claim the child as a dependent. Then what?
Asked by Dave F - Thu Feb 5 13:20:28 2009 - United States - 1 Answers - Comments
A. By definition, in this case, if your son or daughter is older than 19, and made less than $3500 last year, AND was supported more than 50% (income) by you (the parent in this case) then he/she would qualify as a dependent. If your son or daughter made more income, is not going to school, then you CANNOT claim them as dependents. From the information that you are giving me, a person who is able to buy a house would suggest that he/she is making a lot more money than $3500, so immediately you would know they don't qualify as dependents. He/she would need to file their own return.
Answered by #125 - Thu Feb 5 13:37:08 2009
What does claiming yourself as an exemption on your tax returns do?
Q. Theres a question on my tax return asking Are you claiming yourself as an exemption? Im not sure what this does if I claim it. Im not dependent on anyone so it says I can claim it but is this a bad thing to do or a good thing?
Asked by Alia H - Fri Feb 23 18:17:40 2007 - United States - 8 Answers - Comments
A. You should ALWAYS claim yourself as an exemption. It is a GOOD thing, however, you cannot claim yourself if someone else is claiming you as a dependent, for instance you are a college student and your parents' are paying your way. The parents would claim the child.
Answered by fisherwoman - Fri Feb 23 18:22:24 2007
Q. Theres a question on my tax return asking Are you claiming yourself as an exemption? Im not sure what this does if I claim it. Im not dependent on anyone so it says I can claim it but is this a bad thing to do or a good thing?
Asked by Alia H - Fri Feb 23 18:17:40 2007 - United States - 8 Answers - Comments
A. You should ALWAYS claim yourself as an exemption. It is a GOOD thing, however, you cannot claim yourself if someone else is claiming you as a dependent, for instance you are a college student and your parents' are paying your way. The parents would claim the child.
Answered by fisherwoman - Fri Feb 23 18:22:24 2007
Why are people claiming Sarah Palin had anything to do with the shooting in AZ?
Q. Also people claiming he's a democrat or republican it's obvious he's neither. He's a nut job he dropped out of high school and reads Mein Kampf and the communist manifesto while on pot and acid. It's funny how you try and compare Hitler to Sarah Palin.
Asked by Adolf Hitler - Wed Jan 12 13:54:06 2011 - Civic Participation - 8 Answers - Comments
A. Yes he is a registered Independent but did not vote last time around. like you said he is truly a NUT JOB.`
Answered by molkey - Wed Jan 12 13:59:02 2011
Q. Also people claiming he's a democrat or republican it's obvious he's neither. He's a nut job he dropped out of high school and reads Mein Kampf and the communist manifesto while on pot and acid. It's funny how you try and compare Hitler to Sarah Palin.
Asked by Adolf Hitler - Wed Jan 12 13:54:06 2011 - Civic Participation - 8 Answers - Comments
A. Yes he is a registered Independent but did not vote last time around. like you said he is truly a NUT JOB.`
Answered by molkey - Wed Jan 12 13:59:02 2011
Neighbor claiming that a water leak from my flat has caused damage to his ceiling?
Q. Hi, My neighbor downstairs claims that a leak from my flat has caused damage to his ceiling. I am not aware of any leak, but he is claiming that I have to pay although he has not provided any evidence. Am I correct to assume that he has to prove the source and pay for the investigation before making any claims?
Asked by PEL - Thu Apr 3 23:21:33 2008 - Other - Home & Garden - 10 Answers - Comments
A. Hi there, this would probably fit better in the "Legal & Ethics" section, but I stumpled across it on the homepage. Firstly he must provide evidence that he has suffered damage from this, this could be a damp course or a water damage repair on the ceiling. He must provide this to you before issuing a civil action. There are different procedures for different amounts of money so I would need to know how much he is trying to claim? After proving that he has suffered damage he must prove that you have fallen below what is expected of you as a reasonable person and in so doing have breached your duty of care towards him, of course if you don't know that there is a leak then there is the question of whether a reasonable person… [cont.]
Answered by Gwion - Fri Apr 4 00:09:23 2008
Q. Hi, My neighbor downstairs claims that a leak from my flat has caused damage to his ceiling. I am not aware of any leak, but he is claiming that I have to pay although he has not provided any evidence. Am I correct to assume that he has to prove the source and pay for the investigation before making any claims?
Asked by PEL - Thu Apr 3 23:21:33 2008 - Other - Home & Garden - 10 Answers - Comments
A. Hi there, this would probably fit better in the "Legal & Ethics" section, but I stumpled across it on the homepage. Firstly he must provide evidence that he has suffered damage from this, this could be a damp course or a water damage repair on the ceiling. He must provide this to you before issuing a civil action. There are different procedures for different amounts of money so I would need to know how much he is trying to claim? After proving that he has suffered damage he must prove that you have fallen below what is expected of you as a reasonable person and in so doing have breached your duty of care towards him, of course if you don't know that there is a leak then there is the question of whether a reasonable person… [cont.]
Answered by Gwion - Fri Apr 4 00:09:23 2008
What are the laws on claiming head of household?
Q. My fiance's ex-wife's daughter from a previous marriage has been filing head of household for at least a few years (I'm really not sure how long exactly) and she is 21. She does work, but his ex lives in low income housing with her 21 year old daughter and their 8 year old daughter they had together. His ex is 43 years old and has not held a job in about 3 years for no reason in particular, basically because she doesn't want to. Her daughter is bringing in the income. He is going through a divorce now, which will be final next week and he will be able to claim their daughter every other year. However, the 21 year old daughter has been claiming her on her taxes by filing head of household. Is she allowed to do that? I'd appreciate if anyone… [cont.]
Asked by Scheyenne W - Wed Jun 13 18:22:28 2007 - United States - 4 Answers - Comments
A. If the 21 year old is providing over half of her mom's support for the year, and the mom's income was under $3300 for the year, then the 21 year old daughter would most likely be able to claim her mom as a dependent, and can file as head of household because of her mom being her dependent. Most likely, the 21 year old would also have been able to legally claim her 8 year old half-sister as a dependent also - not because she's filed as head of household, but because the 8 year old meets the rules for the 21 year old to claim her as a dependent as a qualifying child. If the 21 year old wasn't able to claim her mother as a dependent, qualifying her for head of household, the 8 year old would have qualified her for head of household. So yes,… [cont.]
Answered by Judy - Wed Jun 13 21:52:52 2007
Q. My fiance's ex-wife's daughter from a previous marriage has been filing head of household for at least a few years (I'm really not sure how long exactly) and she is 21. She does work, but his ex lives in low income housing with her 21 year old daughter and their 8 year old daughter they had together. His ex is 43 years old and has not held a job in about 3 years for no reason in particular, basically because she doesn't want to. Her daughter is bringing in the income. He is going through a divorce now, which will be final next week and he will be able to claim their daughter every other year. However, the 21 year old daughter has been claiming her on her taxes by filing head of household. Is she allowed to do that? I'd appreciate if anyone… [cont.]
Asked by Scheyenne W - Wed Jun 13 18:22:28 2007 - United States - 4 Answers - Comments
A. If the 21 year old is providing over half of her mom's support for the year, and the mom's income was under $3300 for the year, then the 21 year old daughter would most likely be able to claim her mom as a dependent, and can file as head of household because of her mom being her dependent. Most likely, the 21 year old would also have been able to legally claim her 8 year old half-sister as a dependent also - not because she's filed as head of household, but because the 8 year old meets the rules for the 21 year old to claim her as a dependent as a qualifying child. If the 21 year old wasn't able to claim her mother as a dependent, qualifying her for head of household, the 8 year old would have qualified her for head of household. So yes,… [cont.]
Answered by Judy - Wed Jun 13 21:52:52 2007
How do you stop someone from claiming your child when they're not supposed to?
Q. The requirement for claiming a child on your taxes is that the child has to live with you 6 months or more out of the year. Well my ex-husband claims our daughter and she's doesn't live with him at all. I was wondering if there's a way I can stop him from doing this! I would claim her first but he always gets his W-2 first
Asked by kelly_wickersham - Thu Jan 24 19:18:48 2008 - United States - 3 Answers - Comments
A. File your taxes first...then when he files his, he won't be able to claim her becuase you've already done it.
Answered by been_there_done_that - Thu Jan 24 19:23:20 2008
Q. The requirement for claiming a child on your taxes is that the child has to live with you 6 months or more out of the year. Well my ex-husband claims our daughter and she's doesn't live with him at all. I was wondering if there's a way I can stop him from doing this! I would claim her first but he always gets his W-2 first
Asked by kelly_wickersham - Thu Jan 24 19:18:48 2008 - United States - 3 Answers - Comments
A. File your taxes first...then when he files his, he won't be able to claim her becuase you've already done it.
Answered by been_there_done_that - Thu Jan 24 19:23:20 2008
How long can I carry over my RRSP contributions without claiming them?
Q. I'm in Ontario, Canada. I've been on sick leave for about 5 years, which means that I have no taxable income, but I've still been putting money into my RRSPs. I'm planning to claim the deductions when I start earning taxable income again, but I wondered if there's a limit to how long I can carry the contributions over without claiming them.
Asked by csdax - Sat Apr 18 00:00:02 2009 - Canada - 2 Answers - Comments
A. You have to claim them before you reach age 71. But practically speaking you need to have qualified to contribute in each year that you have contributions. That is you can only have contributions that are $2000 above your accumulated entitlement. This, and not the number of years would appear to limit the amount you can stash away in RRSP. You might be best to switch to the tax free savings account.
Answered by donfletcheryh - Sat Apr 18 00:08:00 2009
Q. I'm in Ontario, Canada. I've been on sick leave for about 5 years, which means that I have no taxable income, but I've still been putting money into my RRSPs. I'm planning to claim the deductions when I start earning taxable income again, but I wondered if there's a limit to how long I can carry the contributions over without claiming them.
Asked by csdax - Sat Apr 18 00:00:02 2009 - Canada - 2 Answers - Comments
A. You have to claim them before you reach age 71. But practically speaking you need to have qualified to contribute in each year that you have contributions. That is you can only have contributions that are $2000 above your accumulated entitlement. This, and not the number of years would appear to limit the amount you can stash away in RRSP. You might be best to switch to the tax free savings account.
Answered by donfletcheryh - Sat Apr 18 00:08:00 2009
If I stop claiming jobseekers allowance for a few months can i start a new claim?
Q. If i stop claiming JSA with no excuse can I then claim again in two months? If I were to just stop attending JSA how long would it be until they close my claim?Could I then reclaim? Answer needed ASAP!
Asked by ikilleduku - Mon Feb 21 03:22:38 2011 - Other - Business & Finance - 1 Answers - Comments
A. no you cant just stop attending, they will put a bar on you for several months, however, write a short note saying you no longer need to claim and send it in. Your claim will be closed properly and then you can reclaim when you need to. You will have to tell them what you have been doing in the time you were NOT claiming though.
Answered by daisy <> - Mon Feb 21 03:27:14 2011
Q. If i stop claiming JSA with no excuse can I then claim again in two months? If I were to just stop attending JSA how long would it be until they close my claim?Could I then reclaim? Answer needed ASAP!
Asked by ikilleduku - Mon Feb 21 03:22:38 2011 - Other - Business & Finance - 1 Answers - Comments
A. no you cant just stop attending, they will put a bar on you for several months, however, write a short note saying you no longer need to claim and send it in. Your claim will be closed properly and then you can reclaim when you need to. You will have to tell them what you have been doing in the time you were NOT claiming though.
Answered by daisy <> - Mon Feb 21 03:27:14 2011
What is the difference between owning and claiming a right?
Q. In your opinion, what is the difference between owning and claiming a right?
Asked by Audrey - Sun Nov 7 20:09:54 2010 - Law & Ethics - 1 Answers - Comments
A. Claiming a right comes into play when one is not the originator of the object in question, but for some reason (illness, incompetence, death, etc...), you feel the need to take "guardianship" and have a right to it. Ex.: If a song writer dies, his/her music's rights may be claimed by spouse, offspring, relative or friend.
Answered by M. Fresh - Tue Nov 9 15:39:21 2010
Q. In your opinion, what is the difference between owning and claiming a right?
Asked by Audrey - Sun Nov 7 20:09:54 2010 - Law & Ethics - 1 Answers - Comments
A. Claiming a right comes into play when one is not the originator of the object in question, but for some reason (illness, incompetence, death, etc...), you feel the need to take "guardianship" and have a right to it. Ex.: If a song writer dies, his/her music's rights may be claimed by spouse, offspring, relative or friend.
Answered by M. Fresh - Tue Nov 9 15:39:21 2010
How do you file your taxes while claiming unemployment benefits?
Q. I have a W2 that I got from my old work, but I got laid off in September and have been claiming unemployment since then. How do I report my earnings from unemployment? Will they send me a W2 type forum as well or do I need to request something from them? I live in the state of Oregon if that makes a difference. Thanks!
Asked by Rogue Bullies - Mon Jan 24 15:56:55 2011 - United States - 4 Answers - Comments
A. Where I'm from, unemployment benefits count as income and you'll receive a separate tax slip from the government agency with those numbers. As it's the government, however, you can expect that to be a little more delayed than your other slips. If, on the other hand, you don't see that slip by ... oh, mid-February ... you might send them a friendly letter asking if they've mailed it yet.
Answered by Anonymous - Mon Jan 24 16:00:30 2011
Q. I have a W2 that I got from my old work, but I got laid off in September and have been claiming unemployment since then. How do I report my earnings from unemployment? Will they send me a W2 type forum as well or do I need to request something from them? I live in the state of Oregon if that makes a difference. Thanks!
Asked by Rogue Bullies - Mon Jan 24 15:56:55 2011 - United States - 4 Answers - Comments
A. Where I'm from, unemployment benefits count as income and you'll receive a separate tax slip from the government agency with those numbers. As it's the government, however, you can expect that to be a little more delayed than your other slips. If, on the other hand, you don't see that slip by ... oh, mid-February ... you might send them a friendly letter asking if they've mailed it yet.
Answered by Anonymous - Mon Jan 24 16:00:30 2011
How much can I figure I save per person by claiming my dependents during the year instead of at tax time?
Q. I have 4 children and I am married. I would like to figure out how much I can put in savings by calculating the difference between claiming 0 on my paycheck and claiming 6.
Asked by angierat456 - Thu Apr 27 18:49:55 2006 - Mathematics - 1 Answers - Comments
A. Each exemption on a weekly basis is worth $63.46, so for 6 exemptions, your employeer will take $380.76 off your gross earnings before calculating federal taxes. Note, if you paid every other week double this amount (so $761.52) (this can be found in the source on page 34). Now, If your gross earnings are less then this, you will have no federal taxes withheld. However, for an example say you gross $30,000 a year, that's $576.92 every week. (What I am about to list I found on the source on pages 40-41, which is the pages you'll use to try other numbers, which I will explain later.) Note this example is only for a weekly pay period, however if you are on a bi-weekly pay period, just double everything. With 0 exemptions, federal withholding… [cont.]
Answered by waysj - Tue May 2 18:02:34 2006
Q. I have 4 children and I am married. I would like to figure out how much I can put in savings by calculating the difference between claiming 0 on my paycheck and claiming 6.
Asked by angierat456 - Thu Apr 27 18:49:55 2006 - Mathematics - 1 Answers - Comments
A. Each exemption on a weekly basis is worth $63.46, so for 6 exemptions, your employeer will take $380.76 off your gross earnings before calculating federal taxes. Note, if you paid every other week double this amount (so $761.52) (this can be found in the source on page 34). Now, If your gross earnings are less then this, you will have no federal taxes withheld. However, for an example say you gross $30,000 a year, that's $576.92 every week. (What I am about to list I found on the source on pages 40-41, which is the pages you'll use to try other numbers, which I will explain later.) Note this example is only for a weekly pay period, however if you are on a bi-weekly pay period, just double everything. With 0 exemptions, federal withholding… [cont.]
Answered by waysj - Tue May 2 18:02:34 2006
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