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Tax Rates 2013 Tax rates, tax rate schedules, and tax tables mean basically the same thing for your 1040 tax return. Each taxpayer should refer to the correct filing status and the tax rates 2013 schedule to compute your federal income tax. Tax …
Filing Status 2013 There are five filing status 2013 updates are for: Single, Married Filing Jointly, Married Filing Separately, Head of Household, and Qualifying Widow(er) With Dependent Child It is possible to qualify for more than one filing status so …
The standard deduction for 2013 depends upon your filing status: single, married, married filing separately, widow, or head of household. The standard deduction is increased if you are 65 or older. Taxpayers takes the standard deduction unless the total of …
Lifetime Learning Educational Tax Credit The Lifetime Learning education credit is for qualified tuition for eligible students who have attended an educational institution. AMOUNT OF EDUCATIONAL CREDIT The credit for qualified educational expenses paid to an institution for higher education is …
Self Employment Health Insurance Tax Deduction Heath Insurance Deduction – Who Qualifies 1. Self-employed businesses who file Schedule C – Profit or Loss for Business – Sole Proprietorship or Schedule F – Profit or Loss for Farming. 2. Partners in …
American Opportunity Education Tax Credit American Opportunity Education Tax Credit- Amount of Credit American Opportunity Education Tax Credit (AOTC) provides a partially refundable tax credit in 2009 and 2010 equal to 100 percent of the first $2,000 plus 25% of the next …
Moving Expenses Moving expenses that qualify for a deduction are the reasonalbe cost of the moving company or Uhaul rent, costs of packing or shipping your household goods and personal property. Moving expenses also include the cost of lodging and …
Educator Expenses Educator expenses relate to teachers who can deduct and claim classroom expenses for supplies, materials, books and get a tax deduction up to $250.00 per person. Other qualifying expenses include software or other realated classroom expenses. Educator Qualifications …
Child Care Credit Child Care Dependent Care Tax Credit may be claimed on your income tax return if you pay a qualifying person or company who gives you an employer identification number or social security number. You may be able …
Retirement Savings Contribution Tax Credit The retirement savings contribution tax credit, or Savers Credit, is used by individuals who make eligible contributions to certain types of retirement plans designed as a tax savings mechanism and incentive for individuals in a …