What is My status
Tax Potpourri
"One Word" Schedule
Give Me Credit
Tax Terms
100
I am married and have two children. Both children lived with my wife and I all year. My son had a part time job and my daughter is in high school. My wife and I provided over half the households support.
What is Married Filing Joint?
100
Wages from a W-2 should be reported on "this" line of form 1040
What is Line 7?
100
Itemize
What is Schedule A?
100
Someone claiming a child under the age of 17 might qualify for "This" non-refundable credit.
What is the Child Tax Credit?
100
An individual's total personal income before taking taxes or deductions into account.
What is Gross Income?
200
I am 27 and unmarried, my 21 year old brother has been living with me all year and I paid all the bills. My brother is not disabled.
What is Single
200
"This" minus adjustments equals AGI
What is Income?
200
Rental
What is Schedule E?
200
"This" credit based on earned income can result in large refunds for some taxpayer's that have a valid social security number, are U.S. Citizens or legal residents, and don't have investment income over $3,100.
What is Earned Income Credit?
200
A credit that will only reduce a taxpayer's tax liability.
What is a Non-refundable Credit?
300
I am not married and I was a fulltime Student from January to June. I worked partime but did not provide over half my support for myself or my son, Luke. Luke and I lived with my mother for the entire year.
What is Single?
300
A tax payer claiming two exemptions would write "This" on line 42 of form 1040.
What is $7600
300
Stocks
What is Schedule D?
300
Credit that may give some students $2,500
What is American Opportunity Credit?
300
Someone that may be claimed on a tax return?
What is a Dependent?
400
I am not married and maintained a home for myself and my 23 year old son, who lived with me all year. I filed with my wife in 2012, who died September 30th 2012. I provided over half my sons support. My son is not a student.
What is Single?
400
To find the number of years an asset can be depreciated use "This" table.
What is CLADR Table?
400
Self-employed
What is Schedule C?
400
Taxpayer's attending college may qualify for "This" credit with a maximum of $2,000 per return.
What is Lifetime Learning Credit?
400
Court ordered payments from one spouse to another.
What is Alimony?
500
I am not married. My 81 year old mother lives in a nursing home. I pay the entire cost of my mother's care and more than half of her support.
What is Head of Household
500
A taxpayer receiving military pay and serving in afghanistan for all of 2012 may qualify for "This" exclusion.
What is Combat Zone Exclusion?
500
Dividends
What is Schedule D
500
Form 8812 is used to compute "This" credit.
What is additional Child Tax Credit?
500
"This" type of income is from an activity a taxpayer does not participate in and most rental income.
What is Passive Activity Income?
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