Why have I got less tax credits?
412350
It's because it's the new financial year, they re-evaluate everyone, they don't tell you that they're going to do it, they don't ask you for any more information, they just seem to guess. Good Luck.
664960
A tax credit is something that acts dollar for dollar against your already calculated tax.  This is different than a tax deduction.\n\nFor example, a person gets a tax deduction for charitable contributions.  The net income amount is then subject to tax.  Depending on the rates, a tax deduction will save as much as 65% of every dollar of tax.\n\nA tax credit is applied AFTER the tax has been calculated, reducing by whole dollars.  Some credits are refundable (EIC) and others are not (dependent care).
75067
Diminishing returns is when your income is less and less each year until finally it drops past zero and then the IRS has to send YOU money instead.  With some of the new tax credits this is easier to do than ever before. This is the best way to use diminishing returns that I can think of.
967976
If you have a scholarship that covers all of your eligible expenses, then you wouldn't be eligible for a tax credit since that's only for what you actually pay.  But if your scholarship doesn't cover all the eligible expenses, you can still claim a tax credit for the eligible expenses that you have to pay over and above the scholarship.  You don't get a tax credit for the amounts that your scholarship pays.\n\nGood luck.
177496
You owe them money because your tax liability was more than you paid in. It sounds like you may need to lessen your exemptions down to 1 or 0 if you can. That way, they'll take more out during the year and you should be covered on next years taxes. No, you didn't do anything wrong-this happens to people every year, especially if you live at home with parents or someone else who can claim head of household. Same thing used to happen to me every year when I lived at home. Start saving money, you have no choice but to pay it!\n\nUpdate:\nYou did live with someone else in the year that these taxes are for, so you can't claim a sole provider status, which is what I was trying to say. If you don't pay the money by the 15th, then you start getting into late fees and interest penalties, so they get more money out of you in the long wrong. Try to contact them and work something out.
638522
Hi there,\n\nOkay, I'm thinking back to my college days in Australia studying tax law... I think you only get it when you are paying tax in Australia - if you are overseas temporarily you may get it - if you are living overseas permanently you probably won't. Maybe start with the Australian Taxation Office or Centrelink. Good luck!
650565
Contact the tax collector's office. They may be able to set up a payment plan for you.\n\nIf the property is your primary residence, you may be eligible for tax credits, tax exemptions or a tax abatement. Most states have a homestead exemption, which will lower your overall property tax. Other tax relief may be available for the elderly, the blind, veterans, widows/widowers, and the handicapped. You need to contact your assessors office or county appraisers office for more information on available exemptions.\n\nAlso, check to see if your home is eligible for credits, abatements, refunds, etc for things like solar heating, wood heating, etc. Again, contact your assessors office.\n\nThe county/town does not want to own or auction your home. It is bad press to put a person or family out in the street, and the government is usually eager to help. It does not hurt to gently remind them.\n\nGood luck.
685210
There is no tax penalty. You just do not get the tax break for long term capital gains. You will pay taxes on your gain at the your regular tax rate. And don´t forget to includ all you costs in the propery, not just what you paid for it. Improvements are included in the costs.
1136726
See if there is someone else you can pair up with who has better credit and/or can help w/ down payment. (e.g. significant other, parent, family member)  This would help reduce interest rates which will prob be very high w/ poor credit.
380530
It is possible to get a refund from the IRS even when you have not paid any or little taxes into the system.  If the income from your self-employment is very small ($400 or less)or negative, you will not owe any self-employment taxes.\n\nYou will get child tax credits in the amount of $2,000 ($1,000 per child) and perhaps some Earned Income Credit (EIC) if you have some positive income from your businesses.\n\nIf you send in your return and it is incorrect, it will take the IRS 8 months to a year to get back in touch with you.  You are wise to hold out the 30% just in case, but you might want to take your taxes to a professional to make sure they are correct.\n\nGood luck.
681778
You can spend your money in ways that are tax deductible and reduce you tax liability.  For example, if you purchase a hybrid car, have education expenses, or moving expenses, or large medical expenses, it's possible you can qualify for credits, or receive deductions beyond the standard deduction.
1010503
Well considering you are "rich" guess you didn't pay your fair share.\nJust playing wit cha.\n\nYour tax rate will be determined after your deductions...real estate, educational loans, medical bills, capitol losses and gains etc, but it should be about 25% over the base rate 29K.\n\nhttp://www.savewealth.com/taxes/rates/single/\n\nGood luck and pray we can get a flat tax bill passed through congress ( you'd be downto 17%)
419727
Make sure you have a W-4 on file with each employer. Claiming 1 exemption on it should take the proper amount of taxes out.\n\nSince your in college don't forget the Hope Credit. You will get money back.
477259
I think your a bit late in filing.\n\nAt any rate The Earned Income Tax Credit (EITC) sometimes called the Earned Income Credit (EIC), is a refundable federal income tax credit for low-income working individuals and families. Congress originally approved the tax credit legislation in 1975 in part to offset the burden of social security taxes and to provide an incentive to work. When the EITC exceeds the amount of taxes owed, it results in a tax refund to those who claim and qualify for the credit.\n\nTo qualify, taxpayers must meet certain requirements and file a tax return, even if they did not earn enough money to be obligated to file a tax return.\n\nThe EITC has no effect on certain welfare benefits. In most cases, EITC payments will not be used to determine eligibility for Medicaid, Supplemental Security Income (SSI), food stamps, low-income housing or most Temporary Assistance for Needy Families (TANF) payments.\n\nMore info here: http://www.irs.gov/individuals/article/0,,id=96406,00.html
55647
By cess, you are made to pay more not less.\n\nIt is something that is required to be paid by those paying the "Central Excise Tax" over and above the normally payable amount of tax.
90513
Ummmmm no, the amount of money that you will get back is based on you taxable income, what tax bracket you fall under, and what credits or deductions if any you can apply.
1179062
If there is a Tax deducted at Source., its in your own interest to attach the form 16 or else you will be denied the tax credit and a demand will be raised; now a days IT dept is not taking ROI if no tds is attached and a tds is claimed in the ROI