I know, you are not a tax attorney, etc. Apparently part 2 of an earlier thread I started.
Used TurboTax online to get a ballpark figure of what the illustrious girlfriend would owe in taxes considering she never had any taken out of unemployment.
It looked like she would owe about $1500 on unemployment of about $25K with no other income (dammit!). Oh wait, whats this button here? “Tuition”? Well she did go back to school to work on her bachelors this year. About $4500 in tuition for 2009.
Taxes owed = $0 :eek:
Everything I’ve read said that with the tax credit for people finishing their BA/BS that this is absolutely correct but this is from an agency that taxed me for a foreclosure on $40,000 so I ended up with no property (so net income = $0) AND I had to pay on top of that? They’ll tax you $3 if you find a dollar bill.
Add that to the fact that her luck this last year (13 months and still no job, Chapter 7) just ain’t that good that she would have no tax liability. What’s the catch? Can someone going back to school really owe no taxes for 2009 if their income is $25K?