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Is it a big difference in return between TT and actually going to like a Jackson Hewitt or Tax Professional?
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Originally Posted by 4U2C
Originally Posted by FedExciter
FlipnKraut wrote:
If you're not getting a huge tax return, that means you're doing it right. Everyone who gets more than $200 for their tax return is doing it WRONG. Why would you want to let the government hold your money interest free for a year?at everyone thats happy about getting a huge tax return.![]()
u obviously don't know what you're talking about son
Last year was the first year I claimed my son and I found out about the eic, or earn income credit
I got an automatic 3500 credit for claiming my son, if you claim 2 kids its something like 5500 and 6500 for 3 or more
keep in mind that 3500 credit was on top of what i would of got back regularly
until you have kids and actually own a home, you have no idea about the benefits of tax season
Actually your wrong. I posted the chart below and irs law dont vary per state. The credit was designed for low income people, if you make 42k you are not low income.Originally Posted by FedExciter
Originally Posted by 4U2C
Originally Posted by FedExciter
u obviously don't know what you're talking about son
Last year was the first year I claimed my son and I found out about the eic, or earn income credit
I got an automatic 3500 credit for claiming my son, if you claim 2 kids its something like 5500 and 6500 for 3 or more
keep in mind that 3500 credit was on top of what i would of got back regularly
until you have kids and actually own a home, you have no idea about the benefits of tax season
Same thing I was thinking. But the credit EIC is based on how much you made. To get the most credit usually you have to have made around $18,000 then it goes down from there both ways. there is a EIC chart somewhere that tells you based on your income made how much the credit will be.
Not here in connecticut, to get the highest EIC you have to make under 42k , people who make 18k get about 1.5k for the first child
and for the person who asked, 4 people cant claim the the same child. If that social security number shows up 4 times, it might go thru but they are going to stop it before the check is even printed.
Originally Posted by UptownsDotNetStacky
Is it a big difference in return between TT and actually going to like a Jackson Hewitt or Tax Professional?
quit posting about your dad like you have his brain in your head.Originally Posted by 4U2C
Originally Posted by a55a5in11
your number 2 is wrong. claiming 0 means they take out more, which means you get a higher returnOriginally Posted by 4U2C
1st. If your in school and you didnt have to pay any taxes when you did you last year return or this year return then you know you can select on employment tax form a option not to have FED taxes taking out of your check. You can claim exemption from tax withholding since you always get back the taxes you pay.
2nd Claiming 0 doesn't help any. All that does is take more taxes out of your check. IF your claiming a kid or house ro what not your not going to see a big difference from claiming 0 to claiming 3.
If you pay your tuition that is is tax deductible. Its called the hope credit and lifetime credit I think. Something like that
3. Donating is not going to save you any money Your just going to get back the money you donated.
When i was in school and working I claimed exemption from Federal taxes because when I always did my income tax I never had to pay taxes and got it all back.
and your number 3 basically supports what i said. you get that money back which is more money that what you would get with out the donations. dude asked for a way to get high returns. your acting like their is a way to get free money.
once again your wrong , but you know what., my dad havent been a cpa accountant for 15 years for nothing. Im not even going to argue with you. You think you know it all and always get proved wrong.
free money. So only making 6k in 1 year and getting back $7500 income x return isnt free money? Get out of here. i wish it was a ignore button.
Its like you just pick fights on this board just because and just spew BS out your mouth just because to see yourself type
Yeah, I use Turbo Tax every year. Its so easy to use.Originally Posted by 4U2C
Originally Posted by piNoy805jAys
Do people here actually go to h&r block? They a say you get a full refund but i think its bull. They do the bare minimum to get you a big refund. Going to family/private owned tax services ftw.
Do it your self with tax turbo software. Its very easy. Those tax places arent/cant get you back anymore then what you can do your self
And also people give moms around here $500 for letting them claim kids
Originally Posted by websternguyen
you actually have to be spending money to get money back. aka car loans, student loans, home mortgages, etc. the less assets you have, the less you get back. the more assets you have, the more money you spend, which means the more you get back. having children and claiming other individuals "who depend on you for income" such as your spouse, uncle, mom dad, etc., gets you an even bigger return.
my homie from the office claims his girlfriends 3 kids, smh, lmao. but each year he gets back like 8-9k in tax return, including the w2 that was filed. Me on the other hand, i have a car loan, with no other assets. no kids, no spouse, i just claim myself. I get back around 1,500 a year. netting about 27k after taxes.
"it just all depends"
no, the brain isnt in my head but basically my brain is a clone of his. He taught me everything and I worked with him side to side day in and day out. I claimed 3 kids for EIC and I claimed the hope credit and lifetime credit which is when you pay your own tuition that is a tax write off and I also had bought a house during that time. So that is how I got back 7500k after making 6k.Originally Posted by a55a5in11
quit posting about your dad like you have his brain in your head.Originally Posted by 4U2C
Originally Posted by a55a5in11
your number 2 is wrong. claiming 0 means they take out more, which means you get a higher return
and your number 3 basically supports what i said. you get that money back which is more money that what you would get with out the donations. dude asked for a way to get high returns. your acting like their is a way to get free money.
once again your wrong , but you know what., my dad havent been a cpa accountant for 15 years for nothing. Im not even going to argue with you. You think you know it all and always get proved wrong.
free money. So only making 6k in 1 year and getting back $7500 income x return isnt free money? Get out of here. i wish it was a ignore button.
Its like you just pick fights on this board just because and just spew BS out your mouth just because to see yourself type
but tell me how do you recieve $7500 refund after making $6000
and son all you been doing is picking fights on this topic quit being stupid
what u said doesn't work for normal dudes like most of NT. we can't buy a house of $6000 yearly income and not all of us have 3 kids to claim. how does one decide he is financially stable to cop a house off that income confuses meOriginally Posted by 4U2C
no, the brain isnt in my head but basically my brain is a clone of his. He taught me everything and I worked with him side to side day in and day out. I claimed 3 kids for EIC and I claimed the hope credit and lifetime credit which is when you pay your own tuition that is a tax write off and I also had bought a house during that time. So that is how I got back 7500k after making 6k.Originally Posted by a55a5in11
quit posting about your dad like you have his brain in your head.Originally Posted by 4U2C
once again your wrong , but you know what., my dad havent been a cpa accountant for 15 years for nothing. Im not even going to argue with you. You think you know it all and always get proved wrong.
free money. So only making 6k in 1 year and getting back $7500 income x return isnt free money? Get out of here. i wish it was a ignore button.
Its like you just pick fights on this board just because and just spew BS out your mouth just because to see yourself type
but tell me how do you recieve $7500 refund after making $6000
and son all you been doing is picking fights on this topic quit being stupid
When i was in college i was charging people $50 to do their taxes since hr block and others was charging $400.
ALSO let me state this very important:
Now HR block CANNOT get your money back any faster then you doing it yourself electronically. Now HR black sometimes gives loans out so you get it faster but they charge so much.
Basically the IRS is on a DEPOSIT schedule. They payout just like employers do. Man HR block been scamming cats for years.
Here is a sample of their schedule with the full link below. wake up guys! See it takes 24 hours once you file electronically for it to be accepted by irs so allow time. so if you filed and was accepted on 25th you will be paid within 7 days
[table][tr][th=""]
Tax Return Transmission and
IRS Acceptance Dates
[/th][th=""]
Tax Refund Direct Bank Deposit by IRS
Deposit Date
[/th][th=""]
Tax Refund Paper Check by IRS
Mail Date
[/th][/tr][tr][td]Jan 17 and Jan 18, 2012 (by 11am)[/td][td]Jan 25, 2012 [/td][td]Jan 27, 2012 [/td][/tr][tr][td]Jan 19 and Jan 25, 2012 (by 11am)[/td][td]Feb 1, 2012 [/td][td]Feb 3, 2012 [/td][/tr][tr][td]Jan 26 and Feb 1, 2012 (by 11am)[/td][td]Feb 8, 2012 [/td][td]Feb 10, 2012 [/td][/tr][/table]
http://www.efile.com/tax-refund/where-is-my-refund/
4U2C wrote:
When i was in college i was charging people $50 to do their taxes since hr block and others was charging $400.
I'm just curious...
Were you a licensed tax preparer?
Did you report that as taxable income?
I'm just curious...Originally Posted by villansfinest
4U2C wrote:
When i was in college i was charging people $50 to do their taxes since hr block and others was charging $400.
Me either the most I have ever got back was $450.Originally Posted by Spidermachine916
i've never gotten over 1k![]()
back![]()