Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 01-31-2010, 08:50 AM
Junior Member
 
Join Date: Jan 2010
Posts: 1
nyc school tax credit 2009

My filing status is single. In 2007 and 2008 I received for my nyc school tax credit $145

I'm doing my 2009 taxes and for my nyc school tax credit corresponding to 2009, I receive only $62. Why?



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #2 (permalink)  
Old 01-31-2010, 07:37 PM
TaxGuru's Avatar
Tax Guru
 
Join Date: Jan 2007
Location: New Jersey, USA
Posts: 2,400
Blog Entries: 3
For the tax year 2009, a taxpayer is entitled to the New York City school tax credit "if the taxpayer is a New York City resident or part-year resident who cannot be claimed as a dependent on another taxpayer’s federal income tax return."

Now, the NYC school tax credit is as follows;

1. For Married persons filing a joint return and a qualifying widow(er) with a dependent child, the tax credit is up to $125.

2. For all other taxpayers the tax credit is up to $62.50.

__________________
Find a CPA near you!

Ask TaxGuru Please refer to the legal disclaimer.


Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
The IRS announces an increase in Adoption tax credit for 2009! TaxGuru Tax Credit 0 07-19-2009 10:48 AM
Will Consolidating my college or school Loans help in my credit? TaxGuru Education Planning 0 06-17-2009 12:13 PM
2009 Stimulus Credit for New Home Buyers jaredeinstein Homeowner Tax 0 02-20-2009 01:14 PM
What is the latest change in the New York City school tax credit increased in 2007? TaxGuru New York 0 10-03-2008 11:08 PM
Would tuition exp's paid to a private high school qualify for the "Education Credit?" Tanya Tax Credit 1 09-16-2008 12:12 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning