Section: Taxes
Q:
If I owe the IRS taxes from a prior year am I still eligible to receive the "economic stimulus" check?
A:
They will offset your economic stimulus check by the amount owed. If there is any excess, they will send that to you.
Was this answer helpful?
Yes |
No
(0) people have found this answer helpful.
Section: Taxes
Q:
A friend using Turbotax says that ALL military retirement pay is exempt from Georgia tax( even the amount the above the $30K exclusion per individual). Is this true?
A:
There is a a GA Bill (HB 86) that would exclude all military retirement pay beginning in 2008. However, I do not believe it has yet been signed into law.
Was this answer helpful?
Yes |
No
(0) people have found this answer helpful.
Section: Taxes
Q:
Do the new Military Payday Lending Laws affect the Rapid Anticipation Loans?
A:
Yes. Under the Military Lending Act of 2007, interest on Refund Anticipation Loans (RAL's) is capped at 36% APR for active duty military members and their dependents. H & R Block has developed a RAL product that meets or exceeds the RAL interest requirements as stated in the Military Lending Act. For more information, call us anytime at 876.3415.
Was this answer helpful?
Yes |
No
(1) person has found this answer helpful.
Section: Taxes
Q:
During the tax year of 2007, I filed a Chapter 13 bankruptcy on a home that I purchased back in 2005. What must be filed on my tax return for 2007 in relationship to this bankruptcy?
A:
Any debt cancelled in a Chapter 13 bankruptcy is not included in income on your tax return. Bacically, you'd want to file as you always have. If you'd like H & R Block to prepare your return, please feel free to visit us today. We have convenient hours to fit most schedules.
Was this answer helpful?
Yes |
No
(1) person has found this answer helpful.
Section: Taxes
Q:
My grandson is 18 years old, lives with me and a is full time student. I plan to claim him as an exemption. What is the maximum amount of income he can earn so I can still claim him on my tax return?
A:
Based upon the information you gave, there is no income limit for your grandson to have earned. As long as he did not provide over 50% of his own support you should be able to claim him. If you would like H & R Block to prepare your return, feel free to visit us today!
Was this answer helpful?
Yes |
No
(1) person has found this answer helpful.
