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Income Tax Frequently Asked Questions (FAQs)

What are the tax changes for this year?
Is there an age limit on claiming my children as dependents?
How much does an unmarried dependent student have to make before he or she has to file an income tax return?
If I claim my son/daughter as a dependent because he/she is a full-time college student, can he/she claim him/herself as a dependent when he/she files their return?
Can I receive a tax refund if I am currently in a payment plan for prior year's federal taxes?
For head of household filing status, do you have to claim a child as a dependent to qualify?
What is the American Recovery and Reinvestment Act (ARRA) of 2009?
What should I do if I made a mistake on my federal return that I have already filed?
What is a split refund?
How do I know if I have to file quarterly individual estimated tax payments?

What are the tax changes for this year?

http://www.irs.gov/pub/irs-pdf/i1040gi.pdf
http://www.irs.gov/pub/irs-pdf/i1040a.pdf
http://www.irs.gov/pub/irs-pdf/i1040ez.pdf

http://www.irs.gov/pub/irs-pdf/p17.pdf

Is there an age limit on claiming my children as dependents?

Age is a factor in the qualifying child test, but a qualifying relative can be any age.

How much does an unmarried dependent student have to make before he or she has to file an income tax return?

http://www.irs.gov/publications/p501/ar02.html#en_US_2010_publink1000220687

If I claim my son/daughter as a dependent because he/she is a full-time college student, can he/she claim him/herself as a dependent when he/she files their return?

If you claim your son/daughter as a dependent on your income tax return, they cannot claim them self on their income tax return.

Can I receive a tax refund if I am currently in a payment plan for prior year's federal taxes?

As a condition of your agreement, any refund due you in a future year will be applied against the amount you owe.

For head of household filing status, do you have to claim a child as a dependent to qualify?

In certain circumstances, you do not have to claim the child as a dependent to qualify for head of household filing status; for example, a custodial parent may be able to claim head of household filing status even if he or she released a claim to exemption for the child.

What is the American Recovery and Reinvestment Act (ARRA) of 2009?

The American Recovery and Reinvestment Act (ARRA) of 2009 was signed into law by President Obama on February 17, 2009. The bill is intended to provide a stimulus to the U.S. economy in the wake of the economic downturn. The bill includes federal tax cuts, expansion of unemployment benefits and other social provisions, including domestic spending in education, health care, and infrastructure, including the energy sector.

What should I do if I made a mistake on my federal return that I have already filed?

http://www.irs.gov/faqs/faq/0,,id=199548,00.html

What is a split refund?

A split refund lets you divide your refund, in any proportion you want, and direct deposit the funds in up to three different accounts with U.S. financial institutions.

How do I know if I have to file quarterly individual estimated tax payments?

http://www.irs.gov/faqs/faq/0,,id=199807,00.html

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