Give Me a Break
this year. Meanwhile on Mibash 1059 Wade Weaver was discussing mental health issues. Years ago, in my thirties, when filing date was March 15th, I always went to the doctor with some sort of psychosomatic illness. He told me that a cracked sternum caused by falling from a horizontal bar at age 14 could not cause my present excruciating pain. One year I recognized a sure sign of cancer, with another negative from the friendly family physician. And there were more in succeeding springs. Surely one could get some sympathy with such dramatic symptoms. Surely blinding headaches must be a brain tumor. But no, simply the recognition that after a year of robust health my ailing always came in the same season. What I needed was a tax break. Not another loophole, but a break from filling out the form and, of course, paying the taxes.Available for your reading pleasure are over 4 million words, each helping you ascertain how much you owe and how much you could save if you are diligent enough to find the deductions and “credits”. That’s why they call the Tax Code “the accountant employment security law”. And don’t forgot the ever popular tax attorneys, especially if you make a mistake.
Did you use these?
Education Credits I don’t know if you can get a school loan to qualify
Child and Dependent Care Credit Adopting an eligible child may qualify you.
Health Coverage Tax Credit Use the PS link below to figure this one.
Saver’s Credit Goodness knows we try.
Earned Income Tax Credit More money if you earned less than $53,267; but you must have a job and have earned at least $1.
You surely understand that a tax CREDIT is a direct deduction from your taxes due, while a DEDUCTION is a paper reduction in your taxable income.
Remember the government gives money away, not you. If you give property (including cash and bitcoins) or sell something at less than its full value or make an interest-free or reduced-interest loan, they say you may be making a gift.??? And you may pay the tax.!!!
It has been said that short of death I’ll still have taxes, even at my advanced age. Oh, I forgot. Death won’t stop the taxes. I’ll just be less aware, as far as I know. The estate tax is a penalty for transferring property at your death. It consists of an accounting of everything you own or have certain interests in at the date of death. Is there no end?
So, there will be death and there will be taxes even afterwards. I personally feel it’s high time for the government to Give Me a Break. Think About It.
P.S. Want more Credits? Now you can have it all. The Code.