TaxPayer2000
Jan 17, 2008, 11:32 AM
New Year Greetings!!
This is my first posting in this wonderful forum.
I live in California with my wife and a newborn (Dec 2007). Green card status.
Child Question - I believe, we can get tax credit up to $3000 with both parents working, living in a single home, married filing jointly.
1. Is child daycare expense deductible?
2. How much is total tax saving that we can expect with the baby?
Parents Question - Do we qualify to claim my parents for tax deduction for year 2007 -
1. They stayed with us from 28-OCT-2004 to 12-APR-2005
2. Next stay is from 31-AUG-2007 to 23-FEB-2008
Please advise me on how to obtain ITIN and file them as dependents?
Thank you in advance!
TaxPayer2000
This is my first posting in this wonderful forum.
I live in California with my wife and a newborn (Dec 2007). Green card status.
Child Question - I believe, we can get tax credit up to $3000 with both parents working, living in a single home, married filing jointly.
1. Is child daycare expense deductible?
2. How much is total tax saving that we can expect with the baby?
Parents Question - Do we qualify to claim my parents for tax deduction for year 2007 -
1. They stayed with us from 28-OCT-2004 to 12-APR-2005
2. Next stay is from 31-AUG-2007 to 23-FEB-2008
Please advise me on how to obtain ITIN and file them as dependents?
Thank you in advance!
TaxPayer2000