Sorry for not blogging yesterday. Thngs got out of hand the last few days and couldn’t get to it.Now let’s talk some more tax credits.If you have to pay for child care or afterschool programs for your kids and you are head of household or married filing jointly and both spouses work, you can qualify for the Child and Dependent Care Credit. It can range from 20% to 35% of the care depending on income. You will need the caregiver’s name, address, telephone number and either federal ID number or social security number for your return to claim the credit. Here is a link that explains more from CompleteTax:http://www.completetax.com/tax-guide/text/c60s10d225.aspAny other questions, call me at 818-317+6035 or email me at bstonercpa@sbcglobal.net and we can discuss them.You can count on us to count for you!
Brian’s Tax Musings – There are Energy Credits Too
Did you get a new furnace or water heater in 2011? Or insulate your house or install new exterior doors or windows? You may qualify for two different energy credits. The amounts are less than before, but it is still worth considering. Here is a link to the IRS website discussing the credits:http://www.irs.gov/newsroom/article/0,,id=249922,00.htmlRemember if you have questions, call me at 818-317-6035 or email me at bstonercpa@sbcglobal.net and we can discuss them.You can count on us to count for you!
Brian’s Tax Musings – The Child Tax Credit
Here is another reason to have kids besides their sweet faces (and another way to help pay their allowances) – The child tax credit. You can get up to $1000 in credit for each kid under 17 and it can be refundable. This link to the IRS website talks about the credit:http://www.irs.gov/newsroom/article/0,,id=106182,00.htmlAny questions? Call me at 818-317-6035 or email me at bstonercpa@ancglobal.net and we can discuss them.You can count on us to count for you!