Earned Income Tax Credit (EITC) Information

How to Pay Zero Taxes by Jeff A. Schnepper

Fully updated to include all the latest tax law changes, How to Pay Zero Taxes outlines the easiest, most practical strategies you can use to lower your taxes this year, next year, and beyond. From converting personal expenses into business expenses to avoiding or surviving an IRS audit, Jeff Schnepper's guide comprehensively covers more deductions than any other tax book, all conveniently organized in six fast-access categories: exclusions, credits, “above-the-line” deductions, “below-the-line” deductions, traditional tax shelters, and supertax shelters.

Jeff A. Schnepper is the author of several books on finance and taxation, including How to Pay Zero Estate Taxes and all twenty-four previous editions of How to Pay Zero Taxes. He is a financial, tax, and legal advisor to the Transamerica sales force and runs a full-time accounting and legal practice in Cherry Hill, New Jersey. Mr. Schnepper is Microsoft's MSN MONEY tax expert, an economics editor for USA Today and is tax counsel for Haran, Watson & Company.

     

Earned Income Tax Credit (EITC) Information - How Much Money Do You Have To Make To File Taxes

For More and Complete Details
CPA Home
Earned Income Tax Credit
Tax Cash From Western Union
Homeowner Tax Credit
Alimony Deductions
Day Care Deductions
Moving Deductions
Contribution Deductions
Job Hunting Deduction
Education Deductions
Adoption Deductions
Medical Deductions
Mileage Deductions
Car Donation Deductions
Bad Debt Right Off
Hybrid Cars Deductions
Educator Deductions
Adoption Deductions
CPA Moms Master Index
Overview - Type of Business Entities
Sole Proprietors
Partnerships
S Corporations
How to Incorporate
Incorporating in California
Incorporating in Delaware
Incorporating in Nevada
C Corporations
LLC's - What is it?
Business Mileage Expenses
Office in Home
Business Deductions
Bankruptcy
Claiming Social Security Disability
Divorce & Taxes
Offer in Compromise
Installment Payment for Taxes
Credit Reports
Social Security
Deliquent Tax Returns
Back Taxes
Garnishment
Retirement Planning
Self Directed IRAs
Roth IRA
Traditional IRA
Iniherited IRA
Reverse Mortgage
Roth 401k
Borrowing from your IRA
Estate Planning
Social Security Benefits
Retirement Planning
Day Trading
Tax Preparation
Electronic Filing
Incorporating Services
Representation before IRS
Non Profit Services
Accounting
Bookkeeping
Sale of Residence
Sale of Rental Property
1031 Exchange
Real Estate IRA
Refinance your Home
Accounting
Additional Resources

Earned Income Tax Credit (EITC) Information * How Much Money Do You Have To Make To File Taxes

Finding Out How Much Money Do You Have To Make To File Taxes?   
Carl LaFresnaye

There are many people who wonder if they really have to file taxes since they do not make very much money.

Since taxes are so dreaded by most people, answering the question of how much money a person has to make to file taxes is an important one and is not answered in a single number. The number depends on different factors about the person's life, such as how old they are, whether they are single or married, whether they have any children, and whether they are widowed or retired. All of these factors play into the amount of money a person has to make to file taxes.

Article to continue below----------------------------------------------

New York Mayor Bloomberg Presses For Tax On Soda (Reuters Via Yahoo! News)
New York City Mayor Michael Bloomberg urged state legislators to levy a tax on soda, saying the money raised would help plug the state's shortfalls in health care and education funding.

----------------------------------------------------------------------------

Filing

Aa person is single and under the age of sixty five years old, the individual must have made at least $8750 in order to have to file taxes for that year. If the person is over the age of sixty five before the end of the tax year, then the person will have had to make at least $10,050 in order to have to file taxes. These numbers are based on the amounts that were required for filing a 2007 tax return and will have changed slightly on the 2008 tax return, the information for which will be released in January of 2009 according to the IRS website.

Article to continue below----------------------------------------------

Rally To Push For Hike To Georgia Cigarette Tax (AP Via Yahoo! Finance)
Anti-smoking advocates say they know a way to help fill Georgia's $1 billion budget shortfall: hike the tax on cigarettes by $1.
N.Y.âs Paterson Shuns Wall Street Stock Transfer Tax (Update2) (BusinessWeek)
New York Governor David Paterson, facing at least a $9 billion budget deficit, rejected a call for a stock transfer tax on Wall Street.

---------------------------------------------------------------------------

When a person is married or living together with another person, and they are both under the age of sixty-five, the amount of money required to file taxes is $17,500 for filing a joint return. If one spouse is over sixty-five the number rises to $18,550, and if both are over sixty-five then it is $19,600. If they are filing a separate return at any age then the amount is $3400. If the couple is living apart at the end of 2007, then the amount is $3400 for filing a joint or a separate return.

If the individual is a head of household that has a child or relative in it, then the amount of money to file taxes is $11,250 if the head of household is under sixty-five. If they are over sixty-five then the amount is $12,550. If the person is widowed and he or she has a dependant child then the amount is $14,100 if they are under sixty-five and $15,150 if they are over sixty-five years of age. It is always important to double check these numbers with an accounting office to make sure the tax brackets have not changed for the year of 2008, as well as any other stipulations that the individual might need to be aware of in knowing how much money he has to make to file taxes.

What Other Authors say about Taxes

Sources Of Free Tax Help by Carl LaFresnaye

Taxes are complicated! Everyone knows it – and most of us wish it were much more simple and easy to understand. But it isn't likely that the tax code will be simplified that much anytime soon – so we soldier...

Getting Tax Help From The IRS by Carl LaFresnaye

They say that the only things certain in life are death and taxes. Since we are all faced with filing our taxes year after year, it is pretty unavoidable. If you can afford to have a Certified Public...

Tax Invoice by Max Plata

A tax invoice is a legal document that offers a look at what the GST is for a transaction. Read on to learn about your obligations for issuing, holding, and supplying the different types of tax invoices.You...

Using The Federal Withholding Tax Table by Carl LaFresnaye

The federal withholding tax table is used to determine the amount of taxes that an individual must pay according to his or her living status, amount of money he or she makes, and his or her age. These...

Small Business Tax Credit - Americans with Disabilities Act by Richard A. Chapo

Many small businesses complain when confronted with the expense of complying with the Americans with Disabilities Act. Most do not realize that there are a number of tax incentives available to offset...

Where Can You Get Answers To Your Tax Questions? by Carl LaFresnaye

Taxes are an unfortunate part of our lives. But our tax money finances so many parts of our government, taxes are here to stay. It would be nice if taxes were cut and dried, easy to understand and easy...

Being Careful To Choose Legal Tax Shelters by Carl LaFresnaye

There are some types of corporations that try to find loopholes in the tax laws that allow them to get out of paying such high taxes. There are some companies that look for tax shelters, which are ways...

Checking The Status Of Your Federal Tax Refund by Carl LaFresnaye

You've completed your taxes and were delighted to discover you will get a tax refund! Regardless of whether it is large or small, you want it – and you want it now! You can start planning how you will...

Use Child Tax Credit for Tax Savings by Keith Hoyng

Now, here's a real tax savings to the individual taxpayer with dependents. The child tax credit is a direct federal income tax credit based on the number of dependent children in your family. This federal...

Are Foreclosure Taxable by

The Internal Revenue Service unveiled a special new section for people who have lost their homes due to foreclosure. The IRS also reassured homeowners that, although mortgage workouts and foreclosures...


Who are the CPA Moms?      Your Tax Professional Forever!!!!

“CPA Moms - Tax Moms - EA Moms" are trade names given to Accounting and Tax Professionals who chose to work in an “relaxed” environment. Some "Moms" work from home, other work from personal offices. Not all are Moms, there are some Dads. We call them Mr. Tax Moms. CPA Dads or Enrolled Agents Dads.
Each Mom is independent. Once a client starts working with a Mom, the client will keep the same “Mom” year after year regardless of where the client moves or relocates. Being in a “relaxed” environment has many advantages. Lower overhead, faster response time, more availability, etc.
To be a member a CPA Mom, Tax Moms, or an Erolled Moms the Tax Professional must ALWAYS be in good standing with their state licensing agency, experienced, and must demonstrate a high level of ethics, professionalism and proficiency.
Tax Net Inc, the parent company for all CPA Moms, Tax Moms and Enrolled Moms, developed the marketing and on-line systems to help qualified Tax Professionals who "choose" work from their “relaxed” environment and offer better service at a lower price to the consumer.
Since the “Moms” do taxes and accounting of all complexities, there is always a Mom available for every level of work. Since each Mom has a private 800 number, you are just a phone call away, regardless of where you live.
For reliability and dependability of Tax Net, Inc, the parent company of the “Moms” organization click on the Better Business Bureau (BBB) icon.

To Join CPA Moms

Click for accredited member's reliablility report.

Privacy Policy    About Us    Disclaimer    Copywrited 2005  - 2010 & Developed by  Tax Net Inc  Contact Us

Index of Articles about Taxes

What Other Authors say about Taxes

Sources Of Free Tax Help by Carl LaFresnaye

Taxes are complicated! Everyone knows it – and most of us wish it were much more simple and easy to understand. But it isn't likely that the tax code will be simplified that much anytime soon – so we soldier...

Getting Tax Help From The IRS by Carl LaFresnaye

They say that the only things certain in life are death and taxes. Since we are all faced with filing our taxes year after year, it is pretty unavoidable. If you can afford to have a Certified Public...

Tax Invoice by Max Plata

A tax invoice is a legal document that offers a look at what the GST is for a transaction. Read on to learn about your obligations for issuing, holding, and supplying the different types of tax invoices.You...

Using The Federal Withholding Tax Table by Carl LaFresnaye

The federal withholding tax table is used to determine the amount of taxes that an individual must pay according to his or her living status, amount of money he or she makes, and his or her age. These...

Small Business Tax Credit - Americans with Disabilities Act by Richard A. Chapo

Many small businesses complain when confronted with the expense of complying with the Americans with Disabilities Act. Most do not realize that there are a number of tax incentives available to offset...

Where Can You Get Answers To Your Tax Questions? by Carl LaFresnaye

Taxes are an unfortunate part of our lives. But our tax money finances so many parts of our government, taxes are here to stay. It would be nice if taxes were cut and dried, easy to understand and easy...

Being Careful To Choose Legal Tax Shelters by Carl LaFresnaye

There are some types of corporations that try to find loopholes in the tax laws that allow them to get out of paying such high taxes. There are some companies that look for tax shelters, which are ways...

Checking The Status Of Your Federal Tax Refund by Carl LaFresnaye

You've completed your taxes and were delighted to discover you will get a tax refund! Regardless of whether it is large or small, you want it – and you want it now! You can start planning how you will...

Use Child Tax Credit for Tax Savings by Keith Hoyng

Now, here's a real tax savings to the individual taxpayer with dependents. The child tax credit is a direct federal income tax credit based on the number of dependent children in your family. This federal...

Are Foreclosure Taxable by

The Internal Revenue Service unveiled a special new section for people who have lost their homes due to foreclosure. The IRS also reassured homeowners that, although mortgage workouts and foreclosures...