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#7
01-13-2013, 04:28 PM
Senior Member
From Texas
Joined in Sep 2012
3,208 posts
msaccountant
Quote:
Originally Posted by Pianoswithoutfaith View Post
Dont forget to talk about tax brackets


http://poway.patch.com/articles/new-...ouples-singles
I'll do so as soon as I have enough time probably tonight!

Quote:
Originally Posted by Pianoswithoutfaith View Post
This thread needs more exposure
I know huh? Needs more info too. lol I promise I'll update it.

Quote:
Originally Posted by itzel785 View Post
I just want to thank you for such a great post. Its super informative. Would you recommend that DACA applicants do their taxes through an outfit like H&R Block or Jackson Hewitt or would it be better through a program like Turbo Tax?
No problem well you see doing returns can be a bit complicated you need to be able to pay attention to detail and understand tax law. Like I said if you qualify visit a VITA program in your neighborhood they're way better than H&R Block and all those other tax places. If you're willing to do it yourself then by all means but sometimes there could be mistakes and they can hurt you especially if you owe end up owing them.

Quote:
Originally Posted by circasurvive View Post
You need only be at least 25 if you have no qualifying children. If you have children, the minimum age limit does not apply.

In addition, only the following income is classified as "taxable earned income":
  • Wages, salaries, tips, and other taxable employee pay;
  • Union strike benefits;
  • Long-term disability benefits received prior to minimum retirement age;
  • Net earnings from self-employment if:
    • You own or operate a business or a farm or
    • You are a minister or member of a religious order
    • You are a statutory employee and have income.


Examples of Income that are Not Earned Income:
  • Pay received for work while an inmate in a penal institution
  • Interest and dividends
  • Retirement income
  • Social security
  • Unemployment benefits,
  • Alimony
  • Child support

Thanks I don't know why I forgot that part! I will update it tonight.


Quote:
Originally Posted by circasurvive View Post
This is probably going to be a hot topic coming up soon here as tax season approaches. I say we create a Q/A thread that answers people's questions they may have.
Good idea. I was thinking before that people could just post questions on here. I've gotten a few PM's. lol Tommorow I start volunteering y'all so if I don't respond quickly it's because of that but I will eventually respond.
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