Tax Preparation

Front 1

EIC Qualifications

Back 1

Single MFJ
$30,338 $31,338 -- 1 child
$34,458 $35,458 -- 2
$11,490 $12,490 -- none

No MFS
Age 25-65 if no kids
Investment income under $2650

Front 2

Qualifying child

Back 2

Under 19
Under 24 if full-time student
Any age if perm and totally disabled
In US more than 1/2 the year
does not have to be your dependent

Front 3

Child and Dependent Care Credit

Back 3

Depend. under 13 or unable to care for self
In order to work or seek work
Caregiver not your dependent
$3000 maximum expenses to calculate
credit of up to 35% of expenses
non-refundable credit

Front 4

Child Tax Credit

Back 4

Up to $1000 for each qualifying child
Dependent under 17
Own child or step, sibling or step, grand?
sibling's child or grand

Front 5

Additional Child Tax Credit

Back 5

Refundable credit
If taxpayer receives less than full child tax credit because tax is less than allowable child tax credit
Amt of tax credit remaining after reducing the regular OR 15% of wages in excess of $10,750.

Front 6

Hope Education Credit

Back 6

Hope-first 2 years of college up to $1500 for EACH eligible student, 2 yrs only, no drug convictions.
100% of first $1000 expense plus 50% of next $1000 exp
Tuition, books & fees,not room & board
Must be at least half-time
No MFS or dependent

Front 7

Lifetime Learning Credit

Back 7

Any year, any load, any number of students
20% of first $10,000 expenses up to $2000 total for entire return
form 8863
non-refundable