I have like 1 1/2 hours to get this thing filed! DX

"Did you make any federal, state, or local estimated tax payments for 2012?....
....Click Yes if you made any quarterly estimated tax payments for your federal, state, or local return or if you applied an overpayment on your 2011 federal, state, or local return against your 2012 return. Click No if withholding is the only source of tax payments that you have made during 2012."

Google is not helping.

I'm a full-time student completely on FAFSA and New York State state financial aid;
Do I answer Yes or No to this question?

P.S. I'm using TaxACT Online, if that's any help.

P.P.S. Please please please please help me! I don't want to get into any legal trouble! D:

You would have had to initiate that yourself (quarterly estimated tax payments) so if it's not ringing any bells for you, it's probably safe to say you didn't. :)

Originally Posted by BellyButton

You would have had to initiate that yourself (quarterly estimated tax payments) so if it's not ringing any bells for you, it's probably safe to say you didn't. :)

Oh thank you thank you thank so much~!!
I, Zilly, shall love you forever now~!! :3
the sentient BellyButton forever!!

Hehe, no problem. Taxes are sure fun, aren't they? ;)

NO, they aren't! They're scary!

Speaking of which, BellyButton, I have another tax question.

Originally Posted by TaxACT Online

Did you receive a refund of state and/or local income taxes during 2012 from your 2011 tax return or a prior year tax return?

Do financial aid refunds count under that category?

No, they're just talking about a tax refund. Like, when you filed your taxes last year, if you got any money back from taxes.

Ohhh, okay then, thanks. :3

Well since I didn't have anything to file last year.... XD

Since you didn't file last year (right?) that one is a No, too. :)

Right. :3

Okay, BellyButton, I'm just checking but financial aid isn't covered in this question right?
Since my entire tuition was covered with financial aid?

Originally Posted by TaxACT Online

Did you pay college tuition costs for yourself or members of your family, pay student loan interest in 2012, receive educational scholarships or fellowships not reported to you on Form W-2, or receive a distribution from a Coverdell ESA or qualified tuition program (529 Plan)?

Correct. If you had paid out of pocket for tuition or were paying interest on a loan, you would want to include that stuff. But in those cases your college will send a form showing the amount you paid & you'll have the figures that way.

so.. No again :)

Thanks. :3

Now what about this one?

Originally Posted by TaxACT Online

Your federal income tax may be reduced if your itemized deductions are larger than your standard deduction. TaxACT will automatically use the larger of your standard deduction or itemized deductions so you may wish to complete this topic even if you do not expect to itemize on your Federal return. This information may also be used for your state if you are using TaxACT to complete your state return.
Would you like to enter your itemized deductions?

Financial aid in there?

Nope.

=O

In the review it says my Standard Deduction is $950.

What does that mean?
Do I need to go Back somewhere and fix it?

*calls it okay and moves on*

It's the amount they subtract from your total income before determining what is taxable - 950 sounds like the normal deduction for a single person who's someone else's dependant? Did you have any earned income (from a job, I mean, not FA)?

---------- Post added 04-15-2013 at 08:00 PM ----------

Sorry, autoupdate doesn't work for me so I didn't see your question until just now. Lol

---------- Post added 04-15-2013 at 08:04 PM ----------

Did we make it? Did we win??

Np at all, BellyButton. ^^
Lol it's not working for me either. x3

Also, no, I don't have a job. Haven't had one other than babysitting and a 1-day job at Arby's in 2011.

By the way, do I have to include financial aid as income?
Because I didn't really see anywhere where it directly asked about receiving financial aid, but....

EDIT: I dunno. I'm still in the questionnaire. D:

EDIT2: BellyButton: 34 minutes left! D=

EDIT 3: Does this mean financial aid?

Originally Posted by TaxACT Online

Did you make a nonqualified withdrawal during 2012 from an account established under New York's 529 college savings program?

You don't have to count federal student aid as income, no. What they're really looking for is whether you have "earned income" (ie someone was paying you money for working during the year) so they can make sure they get whatever percent of that they feel they're owed in taxes.

edit: oops - I have no idea about the new york thing, lemme see if I can find out

Okay thanks, BellyButton! :3

Originally Posted by iamnotspam

EDIT 3: Does this mean financial aid?

Hey do you have Skype? This might be easier/faster that way. xD

I'm guessing you're not using those, if you're getting your grants and such under FAFSA. Unless your parents set up one of the New York's 529 college savings accounts for you?


edit: the 529 thing is something someone has to set up specifically to save/deposit money to spend on college tuition, so not part of FAFSA

No, I didn't have a college savings fund, so far as I know. x3

Thanks. :3

P.S. Do you have Skype? It might make this faster/easier? XD

BellyButton: Is financial aid covered under a federal AGI? How do I know if I have a federal AGI?
Would I have a federal AGI if I don't have a job and my full tuition was covered under financial aid?

I don't have it installed, sorry

---------- Post added 04-15-2013 at 08:26 PM ----------

You won't have an AGI (Adjusted Gross Income) unless you have earned income during the year. If you don't have a W2 form to enter, your AGI will just be zero.

Oh lol okies.

What about AIM? or Yahoo Messenger? I have those too.

P.S. Do I answer yes or no to the following?

Originally Posted by TaxACT Online

New York - Disability pay if all the following conditions are met:
Received disability pay
Were not yet 65 when your tax year ended.
Retired on disability and were permanently and totally disabled when you retired.
On January 1, 2012, you had not reached the age when your employer's retirement program would have required you to retire.
If you were married at the end of 2012 and are filing separate, you may claim the exclusion only if you and your spouse lived apart during the entire tax year.
Your federal AGI is less than $25,400.
Would you like to claim this subtraction by completing Form IT-221?

P.P.S. BellyButton: the only thing that might be applicable to me is the AGI thing.?

Naw.

---------- Post added 04-15-2013 at 08:31 PM ----------

I'll just keep refreshing until midnight. :)

Thanks!

Originally Posted by TaxACT Online

Did you pay qualified college tuition expenses for an eligible student during 2012?

Does that count financial aid?

No, that's that same thing from earlier.

edit: Most of this stuff would only apply extra deductions to your taxable income, but that is already at zero so there is no need to claim them anyway.

Okies tyvm. :3

Originally Posted by TaxACT Online

New York - Claim of Right Credit

If you have claim of right income for federal purposes and are claiming the federal claim of right credit on your 2012 return, you may also be entitled to a claim of right credit for New York State, New York City, or Yonkers.
Would you like to claim this credit by completing Form IT-257?

*has no comprehension of what that is* XD

My options are Yes or No. xD


BellyButton: OMG IT'S MIDNIGHT AND I'M STILL FILLING THINGS OUT

Edit: I don't remember my FAFSA PIN!!
Or the answer to the security question!!
I think I just remembered it.