IRS Tax Support

Tests for Claiming the Earned Income Tax Credit for 2007
To claim the earned income tax credit you must:–File a tax return, even if you didn’t make enough in 2007 to be obligated to do so.
–Have a valid Social Security number.
–Have earned income from employment or self-employment.
–Not use the filing status of married, filing separately.
–Be a […]

[Read more →]

Sometime in 2008, an unknown and unsuspecting hybrid buyer will drive the one-millionth gas-electric vehicle off a dealership lot and onto an American roadway. There’s more than one reason for the ascent of hybrids from zero to one million in about seven years. Any single buyer might take the hybrid plunge for one particular reason, […]

[Read more →]

Who says loving the planet isn’t worth it? Being environmentally minded could save you a couple hundred or a few thousand dollars at tax time.If you’ve made energy-saving improvements to your life in the past year, you may get some tax credits on your federal and state income taxes. Follow the links in this article […]

[Read more →]

Education Tax Breaks Can Soften the Blow of Those Hefty College Costs
College is one of the most expensive investments a parent can make in a child’s future. But there’s a consolation prize that comes with the hefty price tag: bigger tax breaks.
With average yearly in-state costs at $13,589 for a public university and $32,307 for […]

[Read more →]

Two New 2007 Tax Breaks Help Homeowners Struggling With Mortgage Payments
In a year of bad mortgage news, there’s a bright spot or two for homeowners: Foreclosure comes with a tax break, and 2007 mortgage insurance payments may be tax-deductible.Congress acted on both provisions late last year, extending the mortgage insurance deduction for three more years […]

[Read more →]