What are some deductions that a single mom with a very low income?
101818
Since you made very low income you have very low deductions.\nIf you made less than $8,200 you don't have to file income taxes. But since you are a single mom, you may qualify for the Earned Income Credit (EIC) and the Child Tax Credit.\nAlso, did you pay someone to take care of your child?\nIf so you may have a Child Care Deduction.\nIf you don't want to pay for a tax professional you can file your taxes for free on the IRS website and your state website.\nIf you are in southern california e-mail me: dsts.tax@verizon.net\nHope this helps.
755206
There are options to you such as a state Medi-Aid plan for low income earners.  (Contact social services in your area). \nMost plans cover pregnancy, but are not always inexpensive.  Rates vary by state, so I'd suggest searching the web for "medical insurance (insert state name)"\nAre you a student?  If so, contact your school/college as they also have affordable insurance plans available.
488346
In 2006, the single person standard deduction is $5150, so he will not pay "income tax" on income up to that point.  However, he will have to pay "self employment" tax on that income as a self employed individual if it's more than $400. (15.3% of self employment income)  This is for FICA and Medicare.  He will likely get a 1099 from his employer for the total amount they pay him.  He can however, deduct any business expenses he had pertaining to this job to lower this figure on Schedule C.  So I would keep track of any expenses he had to pay out of pocket for this job, like mileage, any special tools or equipment purchased, etc.  Talk to a tax accountant and explain his situation for better advice.
154745
You should receive some type of documentation stating how much you received in alimony throughout the year. Then, unfortunately, you have to claim that money as income.
471265
You have to keep track of what people pay you. Give them a receipt at the end of the year of their total paid, you report it on your taxes as income because they will report it as child care. Anyone paying for childcare is smart to report that expense because they can use it as a deductible. PLUS !!! You can figure up how much of the space in your house is being used for the daycare, let's say the kids are in 50% of the rooms of your house, kitchen, living room, dining room and say one bedroom, then when it comes time for you to do your taxes, you put in your income as money paid to you BUT also let a preparer know or you do it on Turbotax.com that 50% of all expenses for your home can be deductibles for your daycare business. Like 50% of all utilities, 50% of your groceries bought, 50% of all homeowners insurance paid, etc.  I did 60%/40% on my taxes because kids are allowed in all but 4 rooms of my home.  My husband and I ALWAYS run my daycare at a loss on purpose as far as taxes go because we will always get a tax refund that way.  You do not have to get licensed my your state to be a daycare and it does not help you in any way unless you want money to help pay for food.  You do however, or really should, get a "rider" policy on your homeowners policy to include any injuries to any kid that's not yours. Mine was only a $50 extra charge for a year.\nHope this helps, it's very simple. Let me know if you want more info.\nThanks
511562
Try using last years Federal Income Tax return.  If you claimed her as a dependent, you had to have put the number on your 1040.
716685
you can claim children as dependents on you federal income tax return if they lived with you at least 6 months , they may also qualify for unearn income credit. check it out  www.irs.gov
40651
amount earned minus the deduction
55006
Basically your standard deduction is doubled and your tax will be at a lower rate. If there are kids, you have more deductions depending on your income and their ages.
861250
I was in this situation myself.  Since you are short on money, I would recommend that you try completing the forms yourself.  See below for a link to a site that was useful to me.  Prepare for a lot of homework.\n\nAs a warning, there are fees which must be paid with these applications.  In addition, one of the forms require that you show that you and your husband are able to support yourself financially.  If you meant literally that you have no money, you may need an additional sponsor (parent, friend, etc.) to help you.\n\nGood luck.
141217
Yes.  Contact your local Job & Family Services office or Community Action, they will tell you what to do. Just explain your situation.  You will have to show proof of income and all of your bills, then you may qualify for some help.  You may also check with HEAP.
41835
As you seem to already know, you can reduce or increase the withholding by filing a new W-4 form with your employer. \nhttp://www.irs.gov/pub/irs-pdf/fw4.pdf\n\nThat will only reduce your take home pay and wouldn't accomplish any more than saving a portion of your pay would acheive. What you really need  is to find some more deductions. Consider filing a 1040 rather than a short form and look for more deductions. Do you have school loans? Do you have tuition? Travel expenses or employee expenses? Charitable donations? State taxes? Self-employed? Make sure you are claiming all the deductions you are entitled to. \n\nDoes your employer have a plan that will allow you to deduct child care expenses BEFORE taxes?  These are called Flexible Spending Accounts. Any money that you put into it must be used during the year for qualified expenses, like child care. Otherwise you lose the money. BUT, the money is deducted before taxes so it lowers your total income and will probably save you some taxes over just itemizing the deduction.\n\nI've listed the IRS, and then the three best tax software packages, in my order of preference. The last link is an explanation of an FSA.
590596
Mine is about the same and I receive 2700.00 per semester. You may want to check and see if there are any Social services that will help single parents with education. Most states have these.
1004751
Have you went out to the state for help like the department of human resorces? or family independance agency? they will help you with stuff like that depending on your income, which you said is low so you should qualify...\n\nGood Luck
107640
Yes you can.  www.irs.gov has a program that allows people who have income under 50K to file for free.
128436
I believe if you run a day care for profit, you can deduct the diapers and milk that you use in the day to day running of the day care.\n\nI believe that if your child has specific medical needs that require twice boiled and homogenized fresh dairy goat milk, that you can claim this as a medical expense.  I think this is also true with diapers if your child is on a diuretic that would cause him/her to need an excessive number of diapers.  [This is true if you have a medical savings account.  You can pay for these through that.  You cannot pay for diapers and milk through the medical savings account if they are not medically necessary.]  I believe you would need documentation on file from your doctor that this is the case.  BTW: If that were the case, it is likely that you could get help through Medicaid.  See your local Dept. of Health.
119639
If you mean as an exemption on income taxes, it would depend on whether or not he supported you or not.  Are you a minor?  Are your parents divorced?  Did he contribute more than 50% toward your care?  There are a lot of factors to consider.  If you KNOW you have the legal right to claim yourself then just do it and he'll be the one who would have to refute it in case of an audit.