Earned Income Credit
Homestead Property Tax Credit
Exemptions
Education Credits
Miscellaneous/Other
100
$3,200
What is the maximum amount of investment income a taxpayer claiming the EITC can have in 2012?
100
The number of months in which the taxpayer must have been a resident of Michigan to qualify for the homestead property tax credit
What is six?
100
Foster child
Who qualifies as a qualifying child for dependent exemption purposes so long as other criteria are met?
100
Felony drug conviction
What can't a student have for purposes of the American Opportunity Credit? (Or what can a student have for purposes of the Lifetime Learning Credit?)
100
Ordinary and necessary
What must business expenses be in order to be deductible for federal income tax purposes?
200
A taxpayer who has this instead of a social security number is disqualified from receiving an EITC.
What is an ITIN?
200
One item that is included in household income for purposes of computing the homestead property tax credit that is not income to the taxpayer for federal income tax purposes
What is a gift or what is income earned by other members of the household?
200
Indexing
What occurs each year to vary the amount of the dependent exemption?
200
Unlimited
What is the number of years for which the Lifetime Learning Credit may be claimed?
200
The two methods used to compute Michigan's home heating credit
What are the standard allowance and the alternate allowance?
300
This is the section of the Internal Revenue Code that governs the earned income tax credit.
What is section 32?
300
Amount of household income a taxpayer cannot exceed to claim a homestead property tax credit for tax year 2012
What is $50,000?
300
Joint income tax return unless the return is filed solely to obtain a refund
What cannot be filed by a qualifying child under provisions relating to the dependent exemption?
300
40%
What is the refundable percentage of the American Opportunity Credit?
300
55.5 cents per mile
What is the IRS dictated mileage reimbursement rate for employees for 2012?
400
The minimum age that a taxpayer must be at the end of the tax year to claim the EITC.
What is 25?
400
The two types of property occupants who are entitled to claim a Michigan homestead property tax credit
What are homeowners and renters?
400
Qualifying relative
Who is someone who is not your qualifying child or the qualifying child of another taxpayer?
400
Married filing separately
What filing status cannot be in place for the taxpayer to claim an education credit?
400
$12,299
What is the maximum income that can be earned by a person with one exemption to claim a Michigan home heating credit?
500
The three parts of the age test that a qualifying child must satisfy to enable the taxpayer to claim an EITC.
What are (1) QC must be under the age of 19 at the end of the year and younger than the claimant or claimant's spouse if filing jointly; (2) QC must be under age of 24 at the end of the tax year, a students, and younger than claimant or spouse; and (3) QC can be any age if permanently and totally disabled at any time during the tax year.
500
Date by which a taxpayer who discovers that she did not claim a Michigan homestead property tax credit for tax year 2008 must file her claim
What is April 15, 2013?
500
Daughter-in-law
Who is someone who does not meet the definition of qualifying relative for purposes of the dependent exemption?
500
Qualified education expenses for the American Opportunity and Lifetime Learning Credits
What generally are tuition and fees?
500
Schedule C
What is a federal income tax schedule used by the taxpayer to report expenses incurred with respect to the operation of a home office?
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