Quotations
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Mark Steber Quotes
«Walk a day in my shoes....»
Author: Mark Steber
«You should calculate your tax return both ways (including and not including combat pay as earned income for EITC purposes) to determine which option gives you the best result. Alternatively, combat pay is included as earned income when calculating the refundable portion of the Child Tax Credit.»
Author: Mark Steber
«The unique thing about both of the disaster acts is you do not have to be a victim to somehow be affected.»
Author: Mark Steber
«If you do a little homework on the front end, it can pay some dividends at tax-preparation time, and it can put some money in your pocket.»
Author: Mark Steber
«For example, children not related to the taxpayer who live with both the taxpayer and a parent will generally not qualify as a dependent for the taxpayer.»
Author: Mark Steber
«Under the old rules, each tax benefit had its own definition of a child, a qualifying child and an eligible foster child. Now, the term 'Qualifying Child' is no longer benefit-specific. Unlike prior years, the new rules have one definition for all five of the child-related benefits.»
Author: Mark Steber
«In general, preparing a return as a married couple filing jointly may give you the lowest tax liability and the highest standard deduction, but to find the best scenario, it's wise to calculate your return both ways and see which is the most advantageous for you. For example, if both of your incomes are about the same, you may pay less in taxes by filing jointly, depending on the rest of your return.»
Author: Mark Steber
«Taxpayers who can itemize and fail to do so are literally leaving millions of dollars of overpaid taxes with the government.»
Author: Mark Steber
«The benefits more than offset any risk limitations.»
Author: Mark Steber
«Very often, siblings will share in the support of the aging parent but will be surprised to learn that only one of them can claim the parent as a dependent.»
Author: Mark Steber