Mark Steber Quotes

You won't have to worry about the stamp falling off. - 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. - 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. - 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. - Mark Steber

This means that a couple with a joint taxable income of $80,000 this year will have $13,336 in tax, saving $145 from the previous year. Also, the standard deduction for married couples filing jointly has increased to $10,000 in 2005, from $9,700 in 2004. This change will be most significant for couples that do not itemize their deductions. - Mark Steber

The unique thing about both of the disaster acts is you do not have to be a victim to somehow be affected. - Mark Steber

The benefits more than offset any risk limitations. - Mark Steber

The AMT is not just a tax that rich people pay anymore. - Mark Steber

Taxpayers who can itemize and fail to do so are literally leaving millions of dollars of overpaid taxes with the government. - Mark Steber

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