I have a question regarding social security tax benefits and social security tax credit. If my only income was Social Security benefits, can I claim the child tax credit?
If some of your Social Security benefits are taxable, you can claim the child tax credit, but there is no social security tax credit to claim. The child tax credit reduces the tax you owe, so you must have some taxable income to claim the credit. If all your income was nontaxable Social Security, you won’t have a tax liability to apply the credit to.
To qualify for the additional child tax credit, you must have earned income. If Social Security was your only income, you aren’t eligible to claim this credit.
If you made a contribution to a candidate or to a political party, campaign, or cause, you may be wondering if your political contributions are tax deductible. The answer is no – donations to political candidates are not tax deductible on your personal or business tax return. The same goes for campaign contributions.
Looking for information on Alabama state income tax? Read here to find out who pays, how to pay and more from the tax pros at H&R Block.
Learn more about the benefits of e-filing your tax return with help from the tax pros at H&R Block.
In this post, we’ll discuss Alabama property taxes (on real property) – including who owes, how they’re calculated, how to pay, and when they’re due.