V.2014 ITS BALLING SEASON AGAIN.....TAXES!!! Where you doing yours?

[s0lefunk]

So pretty much if you pay on your student loans before you graduate do you get that deduction? 

I graduated in 2010 so I cant speak to your scenerio specifically. But if you're already paying interest on a qualified loan, you can deduct up to $2500 (in total interest paid) if your adjusted income is less than $75000. Read here: http://www.irs.gov/publications/p970/ch04.html

 

[adobecs4]

What about students who go to a CC and pay out of pocket, no financial aid

 

[s0lefunk]

What about students who go to a CC and pay out of pocket, no financial aid

http://www.irs.gov/uac/Tax-Benefits-for-Education:-Information-Center
You can deduct up to $4000 under Tuition and Fees or qualify for a tax credit up to $2500 under the American Oppourtunity Credit. Cant do both but you can calculate which one will give you the higher return and go with that. Adjusted income has to be less than 80k for either.

 

[itshlittt]

anyone got their returns approved yet?

approved not accepted.

mine was accepted on the 30th but still shows processing. hoping that feb 5th date is legit

 

[suberzat1]

Mines was accepted on the 30th to but yea Feb 5 would be clutch.

 

[freshpairs]

the ones expected for the 5th is it at midnight or a random time?

 

[epidemik the great]

already filed...imma be good for a few...the rest going towards rent :x

 

[nawghtyhare]

anyone got their returns approved yet?

approved not accepted.

mine was accepted on the 30th but still shows processing. hoping that feb 5th date is legit

check tonight thats usually when i see them update the status page
i did mine on friday
last night is when it showed they accepted it

 

[qique51689]

Does a servers w2 look different than others? In terms of boxes 1,3, and 5. It's saying I owe over a 1k for state when last year I got back almost 3kand didn't owe state nothing.

 

[superb]

www.igotmyrefund.com
best discussion regarding refunds

 

[suberzat1]

www.igotmyrefund.com
best discussion regarding refunds

Feb 13

 

[nawghtyhare]

www.igotmyrefund.com

best discussion regarding refunds

Feb 13

When u do em????

 

[furiousstylez23]

Smh @ The 13th. Say it ain't so bruh. I'm still looking forward to the 5th.

I did mine on the 30th.

 

[suberzat1]

When u do em????

Fogot when I did them but they were accepted on th 30th

 

[EddieWinslow1983]

Accepted on the 30th and direct deposit scheduled for Feb 6th

 

[bwsteg]

http://www.irs.gov/uac/Tax-Benefits-for-Education:-Information-Center
You can deduct up to $4000 under Tuition and Fees or qualify for a tax credit up to $2500 under the American Oppourtunity Credit. Cant do both but you can calculate which one will give you the higher return and go with that. Adjusted income has to be less than 80k for either.

Can a person qualify for the American opportunity or lifetime credit with a gross income of 100k single?

 

[s0lefunk]

Adjusted income has to be less than 80k. Unless you have 20k worth of deductions then forget about it.

 

[3stheluckynumbe]

Accepted on the 30th and direct deposit scheduled for Feb 6th

Did you get that date from irs?

 

[EddieWinslow1983]

Did you get that date from irs?

Yup, IRS website. The link is in #3

http://www.irs.gov/Refunds

 

[itshlittt]

these dudes slackin w my funds

 

[superb]

I bet alot of you dont remember the good ol days of mailing in your return and waiting for the refund check to come in the mail lol

 

[willie mcfly22]

I bet alot of you dont remember the good ol days of mailing in your return and waiting for the refund check to come in the mail lol

Lol. I used to remember the news showing the line around the block at the PO on April 15th...

 

[EddieWinslow1983]

I bet alot of you dont remember the good ol days of mailing in your return and waiting for the refund check to come in the mail lol

I used to harass the mailman when he came by before he had a chance to even open the mailbox

 

[nawghtyhare]

is the irs website status unavailable for anyone else?????
says i exceeded the number of attempts to look

 

[superb]

Money dance!