true. don't know if single can file and have dependants, never had to look into it.
so, are you self-employed? if so, my hat is off to you if you're able to get a refund (or even come out even) the three years I did it, I always ended up writing a check even after paying quarterly :( will ----- Original Message ----- From: "Dana Tierney" <[EMAIL PROTECTED]> To: "CF-Community" <[EMAIL PROTECTED]> Sent: Thursday, May 29, 2003 10:52 AM Subject: Re: What the Bush tax cut could have paid for > ::nod:: but if a head of household by definition has dependents its a bit > unrealistic not to include those. Speaking to the case I am best equipped > to critique. I do believe that in my case the tax saving will actually be > zero next year also, unless my income skyrockets (knock on wood). I got the > $400 number from this link but on looking closer, my taxes paid are never > that high. > > Dana > > On Thu, 29 May 2003 10:45:26 -0700, William Bowen > <[EMAIL PROTECTED]> wrote: > > > 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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