What are the tax implications of dependency exemptions (no longer in effect for federal purposes)?

Dec 11, 2024 ... Eligible New Jersey residents can claim a refundable Child Tax Credit on their New Jersey Resident Income Tax Return (Form NJ-1040). The ... Filing your Home Heating Credit Claim MI-1040CR-7 can be done by mail or electronically. If you are required to file a Michigan Individual Income Tax Return MI- ... Qualifying relatives can include children who do not meet the Qualifying Child Age Test, other relatives (for example, parents, grandparents, uncles, aunts, and ... Oct 25, 2024 ... You can deduct certain commuting costs against your Form 1 or 1-NR/PY income for: Tolls paid through an E-ZPass MA account; The cost of ... Aug 29, 2022 ... ... tax credit requirements, so she can claim the full $7,500 tax credit on her 2022 federal income tax return. If you purchase and take ... Jan 21, 2025 ... Either Richard or Pauline can claim this amount on line 33099 of their tax return (Step 5 – Federal tax). Since Rob is over 18, his medical ... I can claim my spouse as a dependent. 1 Enter the total number of boxes ... will claim on your tax return. 2. 3 Add Lines 1 and 2. Enter ... To claim the exemption, the homeowner must ... The claim form, BOE-266, Claim for Homeowners' Property Tax Exemption, is available from the county assessor. Sep 30, 2021 ... Payments from all GI Bill programs are tax ... Will VA education benefit payments affect my tax credits? Yes. If the tax credits you want to claim ... Apr 15, 2022 ... As long as your income is below the limits, and if the 1098-T shows more expenses (Box 1) than Scholarships (Box 5) you should get an education credit based on ...