no EIC, no child care expenses, no education credits and a whole litany of other things that could apply.
like I said, tax returns and fingerprints... ^_^ will ----- Original Message ----- From: "Dana Tierney" <[EMAIL PROTECTED]> To: "CF-Community" <[EMAIL PROTECTED]> Sent: Thursday, May 29, 2003 10:31 AM Subject: Re: What the Bush tax cut could have paid for > lol. > > I think the link we are using is a little simplistic though...and yes, I > realize I provided it. It was the best I could find. I do note however that > the category closest to my own situation does not seem to take the earned > income credit or dependent care credit into account, and thus, I believe, > overstates the tax savings. I am correct in saying that you do not get the > difference if the credit makes taxes owed a negative number? > > Dana > > On Thu, 29 May 2003 10:20:37 -0700, William Bowen > <[EMAIL PROTECTED]> wrote: > > > married with no kids and one income still files MFJ, even with one > > income. I > > suppose one could file Single while married with one income but there are > > a > > number of reasons not to, not the least of which is there is a > > significant > > deduction (more now that the tax legislation has been signed) for MFJ. It > > was explained to me once long ago, but the calculations are lost from my > > memory at the moment, must be all the "need this to do my job code" I've > > got > > stuffed in there now. If I had time to dwell on it, it'd prolly come to > > me... > > > > ^_^ > > > > hell, even the IRS recommends filling out the forms in multiple ways (if > > you > > qualify under more than one) to find the best way to get the most money > > back. > > > > Also don't feel too bad about "confidently giving out misinformation" a > > simultaneously good and bad thing about our tax system is that it closely > > represents fingerprints, no two are exactly the same. > > > > Besides, only the person that takes the advice can be prosecuted for > > mistakes, unless you prepared the form for them...oh, and also their > > spouse > > (if MFJ), unless you use the Innocent Spouse Relief... > > > > I better stop now, the permutations could go on for days. > > > > ^_^ > > > > will > > > > ----- Original Message ----- > > From: "Dana Tierney" <[EMAIL PROTECTED]> > > To: "CF-Community" <[EMAIL PROTECTED]> > > Sent: Thursday, May 29, 2003 10:02 AM > > Subject: Re: What the Bush tax cut could have paid for > > > > > >> Really. Didn't realize that. Just know that is what I am :) My apologies > >> for confidently giving out misinformation. It is a bit bizarre though. I > >> don't see how marital status makes a difference to the amount of money > >> paid?? Maybe it is intended to compensate for extra costs like > >> daycare... > >> but there is a separate deduction for that. > >> > >> Dana > >> > >> On Thu, 29 May 2003 09:50:25 -0700, William Bowen > >> <[EMAIL PROTECTED]> wrote: > >> > >> > I think it you're required to do Married Filing Jointly oddly enough. > >> > > >> > Married Filing Seperately (MFS) requires two incomes, > >> > > >> > You can't file Head of Household if you're married. > >> > > >> > From the 1040 instructions: > >> > Head of household. This status is for unmarried people who paid over > > half > >> > the cost of keeping up a home for a qualifying person, such as a child > >> > who > >> > lived with you or your parent whom you can claim as a dependent. > >> Certain > >> > married people who lived apart from their spouse for the last 6 months > > of > >> > 2002 may also be able to use this status. > >> > > >> > IANATA (I am not a Tax Attorney) though. > >> > > >> > > >> > ----- Original Message ----- > >> > From: "Raymond Camden" <[EMAIL PROTECTED]> > >> > To: "CF-Community" <[EMAIL PROTECTED]> > >> > Sent: Thursday, May 29, 2003 9:34 AM > >> > Subject: RE: What the Bush tax cut could have paid for > >> > > >> > > >> >> Dumb question - but as the income earner for my family (my wife takes > >> >> care of the home and kids), am I Joint/HOH or whatever MFS is? > >> >> > >> >> > > ======================================================================== > >> >> === > >> >> Raymond Camden, ColdFusion Jedi Master for Mindseye, Inc > >> >> (www.mindseye.com) > >> >> Member of Team Macromedia > >> (http://www.macromedia.com/go/teammacromedia) > >> >> > >> >> Email : [EMAIL PROTECTED] > >> >> Blog : www.camdenfamily.com/morpheus/blog > >> >> Yahoo IM : morpheus > >> >> > >> >> "My ally is the Force, and a powerful ally it is." - Yoda > >> >> > >> >> > -----Original Message----- > >> >> > From: Dana Tierney [mailto:[EMAIL PROTECTED] > >> >> > Sent: Thursday, May 29, 2003 10:22 AM > >> >> > To: CF-Community > >> >> > Subject: Re: What the Bush tax cut could have paid for > >> >> > >> >> > >> > > >> > > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Archives: http://www.houseoffusion.com/cf_lists/index.cfm?forumid=5 Subscription: http://www.houseoffusion.com/cf_lists/index.cfm?method=subscribe&forumid=5 Host with the leader in ColdFusion hosting. 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