Question: What is the Standard Deduction for Tax Year 2017? Answer: The standard deduction for single taxpayers and married couples filing separately is $6,350 in 2017. An increase of $50 from $6,300 in tax year 2016; for married filing jointly (MFJ), the standard deduction is $12,700, up $100 from the prior […]
What is the Personal Exemption Amount in 2017?
Question: What is the Personal Exemption Amount in 2017? Answer: The personal exemption amount for 2017 is $4,050, the same as 2016. This is the first time in many years that the personal exemption amount did not increase. Click here for other Tax Questions for the tax year 2017. However, the exemption is […]
What is the Maximum EIC Credit for 2017?
Question: What is the Maximum EIC Credit for 2017? Answer: In order to qualify for the Earned Income Tax Credit (EITC Credit), you must meet the income test and eligibility test. In addition, to qualifying for the Federal EIC credit, you might be eligible for the State EIC Credit. […]
What is Child Care Credit for 2017?
Question: What is Child Care Credit / Dependent Care Credit for 2017? Answer: For 2017, the value used to determine the amount of credit that may be refundable is $3,000. The Child Care Credit amount has not been changed for many years. The $3,000 is the value of the expenses (child […]
What is Child Care Credit?
Question: What is Child Care Tax Credit/Dependent Care Credit? Answer: A Child Care credit for the costs of care for a qualifying individual to allow you to work or look for work. The dollar limit on the amount of the expenses you can use to figure the credit is […]
How to file South Dakota Tax Extension?
Question: How to file South Dakota Income Tax Extension? Answer: The income tax deadline is April 15 and if you can’t make the deadline, you have to file a tax extension. For Federal tax extension, you need to file Form 4868 and will extend the Federal tax deadline by six months […]
How to file Texas Tax Extension?
Question: How to file Texas Income Tax Extension? Answer: The income tax deadline is April 15 and if you can make the deadline you have to file a tax extension. For Federal tax extension, you need to file Form 4868 and will extend the Federal tax deadline by six months to […]
How to file Washington Tax Extension?
Question: How to file Washington Income Tax Extension? Answer: The income tax deadline is April 15 and if you can’t make the deadline, you have to file a tax extension. For Federal tax extension, you need to file Form 4868 and will extend the Federal tax deadline by six months to […]
How to file Wyoming Tax Extension?
Question: How to file Wyoming Income Tax Extension? Answer: The income tax deadline is April 15 and if you can make the deadline you have to file a tax extension. For Federal tax extension, you need to file Form 4868 and will extend the Federal tax deadline by six months to […]
How to file California Tax Extension?
Question: How to file California Income Tax Extension? Answer: The income tax deadline is April 15 and if you can’t make the deadline, you have to file a tax extension. For Federal tax extension, you need to file Form 4868 and will extend the Federal tax deadline by six months to […]