What Is the Standard Deduction for New York State Income Tax?
Learn how New York State’s standard deduction varies by filing status, income level, and residency, and how adjustments may impact your taxable income.
Investment and Financial Markets
How Does a 1099 Look Like? Key Details to Check for Accuracy
Understand the key details on a 1099 form, including payer and recipient information, income reporting, and common variations to ensure accuracy.
What Is Modified AGI on Form 8962 and Why Is It Important?
Learn how Modified Adjusted Gross Income (MAGI) affects Form 8962 calculations and its role in determining eligibility for premium tax credits.
How Do You Find Out What Address the IRS Has on File?
Learn how to verify the address the IRS has on file using tax documents, online tools, or direct inquiries, and update it if needed.
What Is Tennessee’s State Number for Tax Forms?
Learn how Tennessee’s state number is used on tax forms, why it matters, and how to verify the correct code for accurate tax filing.
What Is Considered Investment Income?
Learn what qualifies as investment income, how different income types are taxed, and what to consider when managing your investment earnings.
Is an Au Pair Tax Deductible? What You Need to Know
Understand the tax implications of hiring an au pair, including classification, potential credits, and reporting requirements to ensure compliance.
How Do You Check Your IRS Transcript?
Learn how to access your IRS transcript online, by mail, or by phone, including identity verification steps and how to check your request status.
How to Make S Corp Election for an LLC
Learn the key steps to elect S Corp status for your LLC, from eligibility requirements to tax implications and state compliance considerations.
What Is Total Mileage and How Is It Calculated for Taxes?
Learn how total mileage is calculated for tax purposes, the difference between business and personal travel, and the best practices for accurate record-keeping.
Did the Student Complete the First 4 Years of College?
Learn how to determine if a student has completed the first four years of college, including verification methods, documentation, and potential inaccuracies.
RDP California: Can Registered Domestic Partners E-File State Taxes?
Learn how registered domestic partners in California can navigate state tax filing, including e-filing eligibility, income allocation, and deductions.
Where to Report Refund of Overpaid Interest in Box 4
Learn how to accurately report a refund of overpaid interest from Box 4, understand its tax implications, and ensure proper documentation for compliance.
Is All of Your Investment at Risk on a K-1?
Understand how different financing structures and partner obligations impact your investment exposure and how these factors are reflected on a K-1.
What Is Different Between Land and Land Improvements?
Understand the key differences between land and land improvements, including classification, depreciation, and tax considerations for accurate financial reporting.
Do 457 Contributions Reduce AGI for Tax Purposes?
Understand how pre-tax 457 contributions impact your adjusted gross income (AGI) and how they coordinate with other retirement accounts for tax planning.
When Are You Considered a California Resident for Tax Purposes?
Understand the factors that determine California residency for tax purposes, including domicile, financial ties, and time spent in the state.
What Is My New Jersey Municipality Code for Tax Filing?
Find out how to locate and verify your New Jersey municipality code to ensure accurate tax filing and avoid potential processing issues.
What to Do If Your Employer Is Not Depositing SIMPLE IRA Contributions
Learn what to do if your employer isn’t depositing SIMPLE IRA contributions on time, how to address common errors, and the potential tax and compliance impacts.
How Do I Know if I Have a Pension Plan? Steps to Check
Learn how to determine if you have a pension plan by reviewing employment records, checking statements, and consulting official sources for verification.