This giveaway is closed. Congratulations to Melissa, Jenn, Becky, Elizabeth N and Anna B!
It is tax time.. my favorite time of the year. For most people, tax time is very overwhelming. H&R Block has provided these tips and a giveaway of their Premium Software for 5 Readers!
The Child Tax Credit, Child Care Credit and the Earned Income Credit can all mean tax savings for families with one or more children. Remember, a tax credit is a dollar-for-dollar reduction of the tax, this is much more valuable than a deduction of the same amount. In addition to the Dependent Child Exemption, these credits can reduce your tax bill.
Child Tax Credit
The maximum Child Tax Credit is $1,000 (based on income and filing status) for each qualifying child under 17. Because this is a partially refundable tax credit, even taxpayers who do not owe taxes are eligible if they have earned at least $3,000 in 2010. Child Tax Credit offsets tax bill dollar for dollar. If you have four children, the credit can cut your tax bill by up to $4,000. A credit offsets your tax bill dollar for dollar. The Child Tax Credit Table can help you determine if you are eligible for the full credit amount of $1,000 per child based on your income and filing status.
The Earned Income Credit can be worth up to $5,666 off your taxes
The Earned Income Credit (EIC) is a valuable credit for lower-income taxpayers who work. It provides a tax credit for one child of up to $3,050 and a maximum of $5,666 for three or more children, based on income and filing status. These Earned Income Credit Table for 2010 can help you determine how much you can receive in these child-related tax credits. Remember, tax credit is a dollar-for-dollar reduction of the tax. The EIC reduces the amount of tax you owe and may also give you a refund—it can mean money back to you even if you $0 in taxes!
Dependent Child Exemption
The $3,650 qualifying child exemption allows taxpayers to claim a dependent exemption for their child, stepchild, adopted child, eligible foster child, sibling or stepsibling, or a descendant of one of these. Qualifying children generally must: Be under age 19 or under age 24 and a full-time student, and younger than the taxpayer, (or any age if permanently and totally disabled); live with the taxpayer for more than half the year; and not provide more than 50% of their own support for the year.
Child and Dependent Care Credit
The tax credit for child and dependent care expenses allows taxpayers to claim a credit for expenses paid for the care of children under age 13 and for a disabled spouse or dependent. There is a limit to the amount of qualifying expenses. The credit can be up to 35% of your qualifying expenses, depending upon your adjusted gross income.
You can get expert tax advice at home
You can complete your taxes online at home using H&R Block tax prep software that helps you automatically identify and claim all the tax savings you are eligible for, and it guarantees you’ll get the maximum refund.
Giveaway
5 Readers will win a $55.00 Certificate to H&R Block at Home Tax Prep. You can also file your Federal Taxes for Free here.
This giveaway is now closed. You may enter the latest giveaways here.
Chrysa says
I like you on Facebook.
Chrysa says
I HATE tax time!
Rachel says
still love it since we always get money back
Debra F says
I follow For the Mommas on Facebook.
Debra Ford
Debra F says
I don’t hate tax time because we always get a refund, but it can be a stressful time – I always want to make sure i claim everything I qualify for, but I also don’t want to make any mistakes because even though I’m always totally honest, still nervous about getting audited one day.
Erin Cook says
I like you on facebook – Erin Cook
Erin Cook says
I am an email subscriber cookster77@aol.com
Erin Cook says
I don’t mind tax time since I have a friend that does our taxes for us
Pauline M says
I’m a subscriber.
Pauline M says
I’m a facebook fan (paulinemendes)
Pauline M says
Love the refund… hate preparing the paperwork!
andie says
I’m pretty much a hater of tax time. Hubs does the taxes but is a big procrastinator and I’d rather do them as soon as we get all the paperwork.
Jenny says
I hate tax time, I always owe!
Christine S. says
Tax time is a mixed feeling time! We usually get money back so that is exciting… but gathering up all the paper work and finding time to sit and do it is not so fun!! I am a “follower” of your blog and looove all the help and advice you give! Keep up all the great work, it’s appreciated! :)
liv says
I dislike tax time. I wait until April.
liv says
I’m an email subscriber.
liv says
I follow you on facebook.
Heidi Gail says
I hate tax time because my husband’s records are a nightmare.
Camiele says
I subscribe through a reader.
Camiele says
I am a fan of yours on Facebook.
Camiele says
I love to crunch numbers, but I still hate tax time!
Lori S says
Facebook fan
Thanks!
Lori S says
Email subscriber
Thanks!
Lori S says
I like doing my taxes because it is a challenge and I always learn something from it.
Thanks!
Brendalyn says
I subscribe!
Brendalyn says
I have a love/hate relationship with tax time because I hate getting everything ready to do it, but I love getting the refund back.
Sarah Hirsch says
i hate it. and i’m the one stuck doing our taxes
Heather D. says
Entry #3 – Email subscriber.
Thank you for the opportunity to do this giveaway.
Heather D. says
Entry #2 – Facebook follower.
Heather D. says
I love tax time only cos I had nothing to do with it. Hubby takes over that duty, and I like getting surprises when they owe us monies.
Christine says
I’m an e-mail subscriber.
Christine says
I like you on FB.
Christine says
I don’t mind it because my husband does them.
Laura says
I know this might sound weird, but I love tax time, and I love doing my own taxes! I feel like by doing my own taxes, I better understand my finances. I am a bit obsessed with personal finances, which probably has a lot to do with my slight obsession with coupons and saving money on groceries and things!
Laura says
I follow FTM on Facebook!
April V says
FB fan.
April V says
iI’m a subscriber.
April V says
It gives me back a little, so guess I like it. :)
Megan says
I do not like filing for taxes but I usually like the results!
Linda Fish says
Hate it because I always worry about if I will have to pay
Tracy says
I like tax time because I always get a refund :)
ferriz says
fb fan: xferriza2 (danielle b)
ferriz says
i hate it. i always owe. i put it off till the last minute and rip it off like a bandaid. :(
rocky says
I hate tax time.
Lina says
I subscribe to FTM
Lina says
I hate filing my taxes, but I love getting the refund.
Amanda P says
I follow on facebook
Amanda P says
I HATE tax time! So my father-in-law does it… :) I’d like to understand enough to do it myself.
Amy says
Hate tax time…like refunds…depends on year depends on if we get one.
AIMEE HAYS says
SO FAR, I LOVE TAX SEASON BECAUSE I GET TO FOCUS ON OUR PREVIOUS YEAR’S CHARITABLE GIVING, BUDGET, ETC…AND I FOCUS ON PLANNING FOR THE NEW TAX YEAR.
megan h. says
I follow on facebook
megan h. says
hate to do it. but love to get money back.
Sarah M says
I subscribe.
Sarah M says
I follow FTM on FB.
Sarah M says
I hate doing my taxes! Takes way too much time. Luckily my husband has offered to help this year. :)
Nand says
I hate tax time.
Heather says
I like tax time, because it’s like having a savings account even though we don’t get everything we put in.
amanda says
email subscriber
amanda says
Facebook fan.
amanda says
I dont mind tax time as long as i dont owe!
Carmen says
I subscribe to your daily e-mails.
Christi M. says
I follow you on Facebook
Christi M. says
I don’t get too stressed about taxes. I do use H & R Block, and they make it pretty easy.
Sunnie says
Iam an email subscriber.
Sunnie says
We go to Hand R block so its not a big deal for me.
Megan says
Usually love tax time because we get a refund. Last year we had to pay for the first time, so I am not looking forward to doing them this year. :)
Denise Wilson says
FB Fan
RobertandDenise Wilson
Denise Wilson says
Email subscriber
Denise Wilson says
Don’t hate it really, because our taxes are easy to do right now. However, I don’t like how much money taxes take out of my hubby’s hard-earned paycheck…
Heather says
I follow you both here and on FB, and I do no love tax time. Shudder…
JEN C says
I subscribe via Google Reader.
JEN C says
I like you on Facebook.
JEN C says
I hate tax time. I always worry that I’ve done it incorrectly somehow. I do however like getting a refund :)
Katie K says
And I’m a subscriber :) Thanks Shannon!
Katie K says
I follow you on Facebook
Katie K says
I do our taxes, and I do not love it :)
Elizabeth N. says
I follow you on FB (liz t. n.)
Elizabeth N. says
I HATE tax time – usually because I’m the one who has to do the taxes!
TERESITA BABCOCK says
I already subscribe to your emails!
TERESITA BABCOCK says
I already follow you on facebook!
TERESITA BABCOCK says
I love tax season! I’m excited this year to pay off all of our monthly bills, since we are basically debt free.
Amy says
I follow you on facebook.
Amy says
I actually love tax time. I don’t understand why sooooo many people pay someone to do their taxes. It’s easy! (Even WITHOUT H&R Block software)
Monica says
I don’t mind tax time. The refund usually funds our vacation. I also follow you on FB.
Lana says
I follow you on Facebook. I think you’re great!
Lana says
I do not like tax time…period.
Dawbb says
I hate tax time because it’s never the same every year
Jayci says
love tax time because I get to crunch numbers and watch that refund go UP!
brianna says
I love tax time. It’s money I get back that is not always expected and don’t count on every year!
Marilyn Wons says
I hate tax time! It is never fun working with numbers.
Becky says
I follow you on facebook
Becky says
I let my husband handle them, I don’t like it at all
Melissa says
I subscribe to your emails. :)
Melissa says
I am a facebook fan
Melissa says
We love tax time. We pay off things at tax time.
Valerie says
I love tax time because I prepare taxes for a living and (believe it or not) I love doing it! I work at H&R Block so I don’t need the package (and am probably not eligible to win anyway), but I wanted your readers to know that Block also has a Q&A site that anyone can use (you do need to create a free account). Professional tax preparers answer your questions and you can also search previously answered questions. The website is http://getitright.hrblock.com/.
Lauren says
I didn’t realize other people loved tax time! Even when I get a good refund I know it is money I’ve paid out already. I just don’t like actually doing my taxes!
Marlene says
I follow FTM on Facebook.
Marlene says
I don’t like it. It’s just one more thing that has to get done. Wow, I sound grumpy.
Valarie P. says
Like you and facebook and email too. Please enter me into the giveaway. Thanks!
Nicole says
this year tax time is great, getting the homebuyers credit :)
Jenn says
I subscribe by RSS through Google Reader
Karah says
I’m not a big fan of tax time, until the refund comes :)
Mandy says
I have a love/hate relationship with tax time…I’m self-employed, so it usually takes me forever to do my taxes. I love it though, b/c we usually get a decent refund, so I guess the time is worth it!
Rikki Monfort says
I am a facebook fan :-)
Rikki Monfort says
I love tax time, we also get a nice refund so it helps gets things caught up and the extras we need throughout the year!
Jenn says
I would love this! I actually love filling in forms – but not the headache of the math – so I love this software!
Carol L says
I dislike tax time…an average citizen with regular deductions shouldn’t need software to complete tax forms…it should be easier than that! (But since it’s not I would love to win this give away.)
Jessica @ This Blessed Life says
I’m already a subscriber. :)
Jessica @ This Blessed Life says
I’m already a FB follower!
Jessica @ This Blessed Life says
I love it because my husband does all the work and I just get to wait for the money to show up in our account! lol
Amy N. says
I subscribe to For the Mommas.
Amy N. says
I don’t mind tax time. I would say love it. But it doesn’t bother me. Software makes it a lot easier.
Allison G. says
not a fan of tax time…but am a fan of free tax software!
Anne says
I follow you on fb
Anne says
I love tax season because my dh files and our taxes and we usually get a small refund
Christie says
actually I don’t hate taxes, but the misuse of our tax dollars …. (just to clarify) LOL
Christie says
I follow on FB.
I also hate, Hate, HATE taxes and tax season … Yuck!!
mary martin says
don’t mind it if i get money back – but not too much
Lauren says
I subscribe to your email newsletter!
Lauren says
I follow FTM on facebook!
Lauren says
Now that we have a child I love tax time!
ShaNae says
I’m a subscriber
ShaNae says
I follow you on Facebook
ShaNae says
I hate tax time. It’s just so overwhelming.
Kathy says
I dislike tax time (hate is such a strong word!). I’m an accountant and so prepare returns for all of my family…very time-consuming.
Jem says
Ugh! I absolutely positively loath tax time.
Paige Harshbarger says
I usually love tax time since we usually get a good refund (becuase we pay a ton!!!). Please enter me to win the giveaway. Thanks!
Susan Thomas says
I hate tax time! Love getting money back though :)
Melissa L says
I love tax time. The past few years we’ve gotten a nice refund so I’m looking forward to that!
Paul says
Tax time is my favorite too…if you do your withholdings correctly, no tax is due…plus i live in a state with no income tax so my general sales tax is deductible for federal.
dori says
i hate it
sherrie says
I already subscribe to your newsletter – it may be my other email address, though.
sherrie says
I already subscribe to facebook!
sherrie says
I dont mind tax time – it’s worth the hassle to get a few bucks back!
tonya B. says
love tax ime because we always get a big chunk of change back!!!!!! not looking forward to filing this year quite as much due to the fact that we have acquired a rental property this year and it will be much harder to get our forms ready to file.
Maria says
RSS subscriber via google.
Maria says
facebook fan here.
Maria says
Love tax! :) hubby gets tax refund — only time our savings account accumulates. :)
Kristin says
I hate tax time!!!
Hazel-Ann says
I hate tax time!
Andrea Watts says
I subscribe to For the Mommas via RSS
Andrea Watts says
I follow For the Mommas on Facebook.
Andrea Watts says
I hate paying someone to do my taxes.
.
susan says
I hate tax time! I’m hoping I win to make it easier!
carolyn says
Have to say I am not a big fan :(
becky b says
I get your daily emails…Thanks great giveaway!
becky b says
I follow For the Mommas on facebook!
becky b says
Eh I have a love – hate relationship with tax time…lol
Ngoc says
This would be very helpful to do my taxes this year.
jenn k says
i subscribe via email. thanks!
jenn k says
love getting tax return, hate that i offered to do everyone else’s taxes for them years ago. this would be a great help!
Jennifer B. says
I like tax time because we are getting money back. But I don’t like the fact that once again I am not organized. One of my goals this year is to become much more organized so tax time going forward is not such a headache for me.
Tesa says
Don’t really mind tax time we are usually spot on and never owe or get back more than $100.
Janice K. says
I’m an e-mail subscriber
Janice K. says
I follow you on FB
Janice K. says
Tax time is stressful, but the refund is nice.
Bethany says
I subscribe.
mona p says
I’m not particularly fond of tax time but I use H&R software and it makes it easier!!
Bethany says
I follow you on Facebook.
Rhoda Stroud says
I subscribe to your emails.
Bethany says
I wouldn’t say I love tax time but I wouldn’t say I hate it either. I guess I’ll err on the side of love ;)
Rhoda Stroud says
I follow you on Facebook.
Rhoda Stroud says
I hate tax time.
Staci D. says
I’m an email subscriber.
Staci D. says
I follow you on FB
Staci D. says
I HATE tax time..LOL :)
Erica says
Tax time is like going to the dentist – don’t love it but not worth the effort hating it since we all got to do it
Jill says
I follow you on Fb! Thanks!
Jill says
I love it when we get a refund, and hate it when we don’t!
Busy Mama says
I follow you on fb
Busy Mama says
Hmmm… Love it or hate it… I hate pulling all the pieces together, but love it when I get a refund. With the Child Tax Credit, we usually don’t need to pay.
Anna B. says
I subscribe to your RSS feed.
Anna B. says
I follow you on Facebook.
Anna B. says
I both love AND hate tax time! I hate the whole process, but love it when I get a refund!
Kari C says
I like ya on FB too! ;-)
Sarah E says
LOVE TAX TIME!
Kari C says
My hubbys does the taxes … So love for me! ;-)
Sarah Perkins says
I follow for the mommas on f/b
Sarah Perkins says
I have a love/hate relationship with tax time (does that count?)!
Tammy Young says
I love tax season. It gives you time to look back and reflect on the previous year and them move forward to the new year!!
Amanda says
I love tax time because I am a numbers geek, but I HATE it because we always owe money (and all my friends seem to get huge refunds).
FYI: Another HUGE tax credit (up to $13,000) available this year is for Filers who adopted in 2010. A lot of adoptions qualify, but you’ll need to check the actual details if you think you could be eligible.