|
#4
03-27-2006, 06:40 PM
| |||
| |||
 Re: a question about Form 8812 Rowdy'sboss[at]ND.com (Gil=A0Faver) posted: - quote - > "ed" <edcosoft[at]sbcglobal.net> wrote:
Yes. Reduces when MFJ modified AGI reaches $110,000> > Yes: Because the ADDITIONAL Child Tax > > Credit is for 15% of > > income, so as income goes up, the credit > > goes up, Not like most credits, is it? > does this credit phase out at some level of > income? ($75,000 for HH and $55,000 S). Figuring credit for incomes above those limits requires use of Pub 972. Bill << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
|
#3
03-26-2006, 01:14 PM
| |||
| |||
| Re: a question about Form 8812 "ed" <edcosoft[at]sbcglobal.net> wrote: - quote - > Yes: Because the ADDITIONAL Child Tax Credit is for 15% of
does this credit phase out at some level of income?> income, so as income goes up, the credit goes up, Not like > most credits, is it? << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
|
#2
03-25-2006, 08:03 AM
| |||
| |||
| Re: a question about Form 8812 "bird" <bird[at]village.org> wrote: - quote - > This is a form for taking additional child tax credit.
additional child tax credit is limited to 15% of earned> Please consider this two cases: my earned income > is $10,000 or $16,000. > Case A: I earn $10,000. > line 1: 1,000 > line 2: <blank> line 3: 1,000 > line 4a: 10,000 > line 4b: <blank> line 5: 0 > line 6: 0 > Next: I can not take any credit because I only have one > child. > Case B: I earn $16,000. > line 1: 1,000 > line 2: <blank> line 3 1,000 > line 4a: 16,000 > line 4b: <blank> line 5: 5000 > line 6: 750 > Next: I can take $750 credit because I only have one child. > I can get less credit because I earned less! > Can any one please help to explain why this happens? > Thank you. income over 11,000. unless have three or more children << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
|
#1
03-25-2006, 08:03 AM
| |||
| |||
| Re: a question about Form 8812 Yes: Because the ADDITIONAL Child Tax Credit is for 15% of income, so as income goes up, the credit goes up, Not like most credits, is it? ed << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
|
03-25-2006, 08:03 AM
| |||
| |||
| Re: a question about Form 8812 Yes: Because the ADDITIONAL Child Tax Credit is for 15% of income, so as income goes up, the credit goes up, Not like most credits, is it? ed << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
|
#-1
03-24-2006, 06:19 AM
| |||
| |||
| a question about Form 8812 This is a form for taking additional child tax credit. Please consider this two cases: my earned income is $10,000 or $16,000. Case A: I earn $10,000. line 1: 1,000 line 2: <blankline 3: 1,000 line 4a: 10,000 line 4b: <blankline 5: 0 line 6: 0 Next: I can not take any credit because I only have one child. Case B: I earn $16,000. line 1: 1,000 line 2: <blankline 3 1,000 line 4a: 16,000 line 4b: <blankline 5: 5000 line 6: 750 Next: I can take $750 credit because I only have one child. I can get less credit because I earned less! Can any one please help to explain why this happens? Thank you. << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
| Tags |
| 8812, form, question |
Similar Threads | ||||
| Thread | Forum | Replies | Last Post | |
| Form 1099-B Question Tiziano: During 2005 I sold some shares in a mutual fund and I have received their 1099-B. The part that has the average cost and capital gain/loss summary... | Taxes | 6 | 03-08-2006 03:42 AM | |
| Question about Form 1098-T Christopher Martin: I hope the tax professionals here can give me some advice on Form 1098-T that I received from my university. According to the form, my line 2... | Taxes | 1 | 02-02-2005 07:40 PM | |
| Question: Which fed. tax form to use!? abelard_malcolm_tyler_lindsay: I need to know whichfederal tax form to use. Was downsized out of last job, haven't started new job yet, don't have the $ to pay whats owed... | Taxes | 1 | 04-08-2004 07:44 PM | |
| Thread Tools | |
| Display Modes | |
| |
Linear Mode
