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stevepaa stevepaa is offline
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Join Date: Dec 2004
Location: san jose
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Joel,
that sure sounds like a bunch of lies to me. I have always done my own taxes and can say that what I put down is accurate as best as I can understand from the tax pamphlets, and my issue was with a stupid limited partnership I got into in the early 90's. I now use Turbo Tax

Bryan,

"The Earned Income Tax Credit (EITC) sometimes called the Earned Income Credit (EIC), is a refundable Federal income tax credit for low-income working individuals and families. Congress originally approved the tax credit legislation in 1975 in part to offset the burden of social security taxes and to provide an incentive to work. When the EITC exceeds the amount of taxes owed, it results in a tax refund to those who claim and qualify for the credit.

The Earned Income Tax Credit (EITC) is a refundable Federal tax credit for eligible individuals and families who work and have earned income under:

$11,490 ($12,490 if married filing jointly) if there is no qualifying child
$30,338 (#31,338 if married filing jointly) if there is one qualifying child
$34,458 ($35,458 if married filing jointly) if there is more than one qualifying child.

You cannot be a qualifying child of another person."

So you are living at home, doing chores, and claim this credit?

Maybe this is how HR Block can say in their commercial that they can find on average $1500 in tax savings.
What a load.

Man, I guess I am just the stupid sucker who pays his taxes with the best intention to the intent of the code and not find loopholes to exercise my greed, cleverness and basic dishonesty.

Yeah, this kind of stuff gets me riled.
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steve
old rocket inguneer
Old 04-13-2005, 11:17 AM
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