All Questions
Tagged with tax-credit form-1040
3
questions
3
votes
4
answers
239
views
Foreign tax credit does not seem to prevent double taxation
The foreign tax credit is intended to relieve you of a double tax burden when your foreign source income is taxed by both the United States and the foreign country. The IRS limits the foreign tax ...
- 163
8
votes
3
answers
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If someone could claim me as a dependent, but they will not, am I required to check the "Someone can claim me..." box on my 1040?
Let's say that an adult is living with his parents. He meets all of the tests for being a dependent of his parents. Now let's say that he wants to file a tax return and claim the Recovery Rebate ...
- 116k
3
votes
3
answers
390
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Why don't "normal" tax credits apply towards self-employment tax?
This is a USA tax question.
Preparing my taxes (regular form 1040), I noticed that the "Other Taxes" section comes after the "Tax and Credit" section. I have some "wages, salaries, tips" income, ...
- 1,322