Tax Credits
This credit can be claimed for:
Dependents of any age, including those who are age 18 or older.
Dependents who have Social Security numbers or Individual Taxpayer Identification numbers.
Dependent parents or other qualifying relatives supported by the taxpayer.
Dependents living with the taxpayer who aren't related to the taxpayer.
What is the Other Dependent Credit (ODC)
If your Child Tax Credit is limited because of your tax liability, you might be able to claim the additional Child Tax Credit. To qualify, one of these must apply:
What is your earned income must be more than $2,500 for 2022 or you must have three or more qualifying children.
This team member attended the most huddles, 61 huddles!
Who is Adorable
Use this form to deduct expenses for business use of the home
What is form 8829
This team member is a CAR GUY. Basically, anything with an engine is his JAM! He likes working and fixing on them, and driving them. FAST Cars only though.
Who is Anthony
The refundable part of this credit, is worth up to $1,500 for each qualifying child
What is the Additional Child Tax Credit
Student loan interest is deductible if your modified adjusted gross income, or MAGI, is less than _______ Single or ________MFJ?
What is $70000 single or $145000 MFJ
This team member took the most chat contacts? 330 to be exact!
Who is Jessica
Use this form to file an automatic 6 month extension
What is form 4868
This team member plays soccer competitively
Who is Laura
You may be able to take this tax credit for making eligible contributions to your IRA or employer-sponsored retirement plan
Retirement Savers Credit
Married filing joint taxpayers may claim a retirement savers credit for TY 2022 if their income is under what threshold amount?
What is $68000
This team member filed the most Full Service engagements, 89 to be exact!
Who is Shari
Use this form to claim residential Energy Credits
What is from 5695
This team member loves to sing, write music, play cooking games and spend time with her family and friends.
Who is Dorthea
A credit for taxpayers:
aged 65 or older OR retired on permanent and total disability and received taxable disability income for the tax year; AND
with an adjusted gross income OR the total of nontaxable Social Security, pensions annuities or disability income under specific limits
What is the Credit for the Elderly or disabled
Your investment income must have been ______ to qualify for the EITC (Earned Income Tax Credit) in 2022
$10,300 or less in 2022
This team member had the highest survey rate for TTLive contacts (both chat and call) , which was 22.2%
Who is Tony
Use this form to calculate Passive Loss Limitations
What is form 8582
This team member has a very chaotic life. She met her fiancé online in a video game, Final Fantasy XIV, She got engaged in 2021 and is planning to get married, in real life, on the anniversary she was married in the game!
Who is Ann
To claim the you must meet all three of the following:
You, your dependent or a third party pay qualified education expenses for higher education.
You, your dependent or a third party pay the education expenses for an eligible student enrolled at an eligible educational institution.
The eligible student is yourself, your spouse or a dependent you listed on your tax return.
You do not have to be an undergrad or attending school fulltime
What is the Lifetime Learning Credit
The income limit for a single taxpayer who is not covered by an employer plan is _______ for an IRA contribution in 2022 ?
What is there is no income limitation for taxpayers not covered by a plan at work
This team member had the lowest overall paid CST (customer service time) in Full Service, with 1.16 to be exact
Who is Jenny
Use this form to report payments or the sale of a home that qualified for the first time homebuyers credit
What is form 5405
He likes to haul junk and he knows that is strange
Who is Javier