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Search Results - child tax credits

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Showing 1 to 6 of 6 Articles matching 'child tax credits' in related articles.
Pages: 1

1. Maxmoneyzone org Clarifies 1040 Tax Form Types
March 04, 2017

A recently published Maxmoneyzone.org article by tax preparation planner Frank Ellis covers the three 2016, 2017 IRS 1040 tax forms taxpayers can use. The first is 1040EZ, which is the simplest but doesn’t allow one to claim many of the available credits and deductions. There was a change this year, he notes. The IRS doubled the income threshold so more taxpayers could file with this form. To file with 1040EZ, there are a few conditions, which Ellis outlines in the article. These include being limited to filing only as married filing jointly or as single. A taxpayer must also be under the ... (read more)

Author: John Doe

2. Tax Deductions for 2017 Now Listed on Americantaxservice org
March 04, 2017

Periodic adjustments to tax deductions are the focus of a recently published article on Americantaxservice.org. Tax expert and author Frank Ellis discusses the changes in place for the 2017 tax season due to legislative changes, inflation, and federal bank decisions. In 2016, over 50 new tax deductions, credits and rules were introduced. Ellis lists the most relevant changes to the average taxpayer. These include a requirement to pay 39.6 percent tax for individuals who earn more than $415,015 and married couples who earn over $446,950. Also, the standard tax deduction the head of a house... (read more)

Author: John Doe

3. Tax Expert Outlines 7 Child Tax Credit 2017 Requirements
November 19, 2016

Tax preparation expert Frank Ellis has written and published an article explaining seven Child Tax Credit requirements, which is now available at Edublogs.org. Capped at $1,000 per qualifying child, the credit is available to families. Eligibility is determined automatically if one files their 1040 form electronically. The criteria are listed in the article for those looking for more information or filing via paper. Steps to determining eligibility, according to the author, include seven different tests. The first is related to the child’s age and the tax year. The author also lists sev... (read more)

Author: John Doe

4. Frank Ellis Explains How to Get More from the IRS Child Tax Credit
October 24, 2016

A recently uploaded explanatory article on Maxmoneyzone.com, written and published by tax preparation expert Frank Ellis, explains the IRS Child Tax Credit for 2016 . It details the potential, limitations, and options of the credit. Beginning by explaining a parent or legal guardian can take the credit for a child that’s 17 or younger, it also states the maximum credit per child, which is $1,000. The author lists all the dependents who may qualify for the credit. Citizenship status and other requirements must be met to take the credit; there is a link provided where all of the requirement... (read more)

Author: John Doe

5. Tax Expert Publishes Article Explaining IRS Child Credit
September 20, 2016

Frank Ellis, one of the most popular federal tax credits expert, publishes an article on how to get the most money out of the IRS Child Tax Credit. The parent or legal guardian of a dependent minor age can take a child tax credit for a child 17 years or younger. This tax credit can earn the guardian a reasonable amount of money at the end of the fiscal year. The maximum credit allowed per a child is $1,000. To be eligible to claim the IRS Child Tax Credit , the dependent must have a provable citizenship/resident alien status. The dependent must also not contribute 50-percent or more of... (read more)

Author: John Doe

6. Tax Preparation Expert Reveals 6 Ways Parents Can Save
November 25, 2015

A tax preparation planner and author out of Traverse City, Michigan, Frank Ellis reveals six different ways in which new parents can save on their taxes. Just published on Internettaxconnection.com, it explains how those who’ve had a baby recently can see tax savings. Several tax deductions and credits to take advantage of for the upcoming tax season are listed and explained. Ellis lists the dependent exemption, which reduces parent’s taxable income by as much as $4,000 per child. The Earned Income Tax Credit is another one. The refundable tax credit varies depending on several factors,... (read more)

Author: John Doe

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