What are the tax implications of selling rental property?

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. Feb 13, 2025 ... ... tax return, find how to claim the 2021 Recovery Rebate Credit. ... If you haven't filed a past-due tax return, you can file a tax return for any ... The seller can either grant the refund or give you Form 00-985, Assignment of Right to Refund (PDF), which allows you to file a refund claim directly with the ... Attention. Please remember that you must claim the state sales tax refund (TABOR refund) when filing your state income tax return or Property Tax/ Rent/ ... Can I pay my tax with a credit card? Yes. You can pay your Maryland tax due ... On your Maryland return, you can claim an earned income credit equal to ... ... taxes paid after December 31, 2021. Individuals may file Form PTCX for tax years 2021 to 2023 and businesses can file an amended tax return to claim the credit. To be eligible, you must claim Maryland residency for the 2024 tax year, file 2024 Maryland state income taxes, have initially incurred at least $20,000 in ... ... tax return (Form D-40) ... IRS has guidance available regarding who can claim the federal EITC. Drawing of a refund check. How will my EITC refund be issued? Jan 14, 2025 ... ... refund when you file your individual income tax return. Stop here ... You can't claim the grocery credit on more than one form. If you ... If you are a New Mexico resident, you must file if you meet any of the following conditions: You file a federal return;; You want to claim a refund of any New ...