Comments on: Time To Start Working On My Taxes http://www.ncnblog.com/2009/03/24/time-to-start-working-on-my-taxes/ Debt Reduction Rocks - We Are Living Debt Free! Fri, 10 Feb 2012 00:09:10 +0000 hourly 1 By: Adam http://www.ncnblog.com/2009/03/24/time-to-start-working-on-my-taxes/comment-page-1/#comment-153723 Adam Tue, 24 Mar 2009 22:27:08 +0000 http://www.ncnblog.com/?p=2318#comment-153723 You sould receive an extra $300 for having another child. Make sure you get that Recovery Rebate Credit! Most software programs ask you about it during the process. You sould receive an extra $300 for having another child. Make sure you get that Recovery Rebate Credit! Most software programs ask you about it during the process.

]]> By: NCN http://www.ncnblog.com/2009/03/24/time-to-start-working-on-my-taxes/comment-page-1/#comment-153698 NCN Tue, 24 Mar 2009 18:10:28 +0000 http://www.ncnblog.com/?p=2318#comment-153698 Lisa... We have both self-employment income and income from our employers. An additional child will mean an additional child tax credit and we can deduct child care expenses. Lisa… We have both self-employment income and income from our employers. An additional child will mean an additional child tax credit and we can deduct child care expenses.

]]> By: Lisa http://www.ncnblog.com/2009/03/24/time-to-start-working-on-my-taxes/comment-page-1/#comment-153697 Lisa Tue, 24 Mar 2009 17:56:59 +0000 http://www.ncnblog.com/?p=2318#comment-153697 Dependents don't decrease the tax liability on self-employment income, do they? I did a preliminary run through on our taxes and we owe (despite all the child related credits), so I'll get back to them when I've located more business receipts :) Dependents don’t decrease the tax liability on self-employment income, do they? I did a preliminary run through on our taxes and we owe (despite all the child related credits), so I’ll get back to them when I’ve located more business receipts :)

]]> By: NCN http://www.ncnblog.com/2009/03/24/time-to-start-working-on-my-taxes/comment-page-1/#comment-153695 NCN Tue, 24 Mar 2009 17:44:02 +0000 http://www.ncnblog.com/?p=2318#comment-153695 Matthew S, Cool, I'll look into that... Matthew S, Cool, I’ll look into that…

]]> By: Matthew S http://www.ncnblog.com/2009/03/24/time-to-start-working-on-my-taxes/comment-page-1/#comment-153686 Matthew S Tue, 24 Mar 2009 15:26:57 +0000 http://www.ncnblog.com/?p=2318#comment-153686 It's worth noting that you don't have to pay when you file, and you can pay on April 15 even if you go ahead and file now. I am not sure if the online services will let you pay later now, but several years ago, TurboTax for the Web had a check box to delay the tax payment until April 15. If so, that's just one more way to make sure natural disaster or family emergencies can't leave you paying a penalty because you filed late. Just something to check into. It’s worth noting that you don’t have to pay when you file, and you can pay on April 15 even if you go ahead and file now. I am not sure if the online services will let you pay later now, but several years ago, TurboTax for the Web had a check box to delay the tax payment until April 15. If so, that’s just one more way to make sure natural disaster or family emergencies can’t leave you paying a penalty because you filed late.

Just something to check into.

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