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Earth to Washington--Half of us aren't eligible for non refundable tax credits because of low income

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European Socialist Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-30-10 04:04 AM
Original message
Earth to Washington--Half of us aren't eligible for non refundable tax credits because of low income
Edited on Sat Jan-30-10 04:06 AM by European Socialist
Thought I would be getting a $800 energy credit. Turns out "making work pay" provision turned it into $68 by lowering tax liability. The IRS takes money out of one pocket and puts it in the other.
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European Socialist Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-30-10 04:39 AM
Response to Original message
1. Why unrec?--credits should help everyone.
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FLDCVADem Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-30-10 07:22 AM
Response to Reply #1
5. It did help you
It reduced your tax liability. That's money in your pocket.
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thunder rising Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-30-10 09:08 AM
Response to Reply #5
8. Yes it did. Now, go hire a tax lawyer to complete your return and it's all yours.
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FLDCVADem Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-30-10 09:37 AM
Response to Reply #8
11. Oh please
We have a pretty complicated return, and it's still easily doable with TurboTax. No need for a tax attorney.
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dmosh42 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-30-10 04:40 AM
Response to Original message
2. I just found out the same result, as I added my roof material cost..
into my tax program. Funny, how they didn't mention how that would work when we bought these products. They should have been a deduction, instead of being a credit.
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hfojvt Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-30-10 06:02 AM
Response to Original message
3. that's what I said during the campaign
http://journals.democraticunderground.com/hfojvt/62

Well, at least the 'making work pay' was refundable.
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FLDCVADem Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-30-10 07:20 AM
Response to Original message
4. So it took you down to zero tax liablity
what's wrong with that?
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AngryAmish Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-30-10 07:24 AM
Response to Original message
6. math not your strong suit?
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Name removed Donating Member (0 posts) Send PM | Profile | Ignore Sat Jan-30-10 09:00 AM
Response to Original message
7. Deleted message
Message removed by moderator. Click here to review the message board rules.
 
Mari333 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-30-10 09:11 AM
Response to Original message
9. these people in DC are so out of touch with everyday working people
they might as well be living on the Crab Nebula.
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Gecko6400 Donating Member (114 posts) Send PM | Profile | Ignore Sat Jan-30-10 09:21 AM
Response to Reply #9
10. Sir
Edited on Sat Jan-30-10 09:22 AM by Gecko6400
you said a mouthful there. Have you recently had a face-to-face with a congresscritter? I have and what a tragic waste of time.
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Mari333 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-30-10 09:40 AM
Response to Reply #10
12. well do tell us. we love a good story..:)
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