Can I Wipe Out Tax Debt In Bankruptcy
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Aktuelle Version vom 5. Oktober 2024, 13:34 Uhr
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Now, let's see if regular whittle made that first move transfer pricing some whole lot. How about using some relevant tax credits? Since two of your kids are in college, let's feel one costs you $15 thousand in tuition. You have a tax credit called the Lifetime Learning Tax Credit -- worth up to two thousand dollars in this example. Also, your other child may qualify for something called the Hope Tax Credit of $1,500. Talk to your tax professional for essentially the most current tips on these two tax breaks. But assuming you qualify, that will reduce your bottom line tax liability by $3500. Since you owed 3200 dollars, your tax is starting to become zero capital.
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