What are the tax implications of energy-efficient home improvements?

I am the sole proprietor of a retail business with less than $12,000 in District gross sales. Can I claim the SR Credit on my District individual tax return ( ... Claiming a child on your tax return can lower your taxes and raise your refund. You can claim a “qualifying child” or “qualifying relative” as dependent. I can be claimed as a dependent on another person's income tax return, may I claim a personal exemption for myself when filing my own income tax return? Yes ... Dec 20, 2024 ... ... his/her own support ... You, or your spouse/RDP (if filing a joint return) could be claimed as a dependent on someone else's tax return ... Feb 6, 2025 ... Taxpayers can take advantage of deductions for various everyday expenses, such as student loan interest, IRA contributions, self-employed ... Regardless, he is still eligible to claim the deduction on his state tax return. Important: Indiana does not tax Social Security income. Therefore, if you ... The amount of income reported on the Certification Form has to match the income tax documentation submitted with the RITA claim. A state must be claimed on ... May 10, 2022 ... Cale is entitled to a $4,000 deduction on his current-year return, and has $1,000 he can deduct in a future tax year. Katrine is not ... Dec 10, 2024 ... Student must be claimed as a dependent on the tax return. Student ... My New Jersey Portal. Copyright © State of New Jersey, 1996- 2025. - When you file next year, you can claim additional credits on your 2020 tax return if you are eligible for them, for example if your child is born in. 2020 ...