Is Rental Income Qualified Business Income for the QBI Deduction?
Explore how rental income can qualify for the QBI deduction by understanding trade status, participation, and real estate criteria.
Investment and Financial Markets
Is It Better to File Taxes Jointly or Separately?
Explore the pros and cons of filing taxes jointly versus separately to make informed financial decisions tailored to your unique situation.
What Is the QBI Deduction and How Does It Work?
Explore the essentials of the QBI deduction, its eligibility criteria, income types, and calculation process for tax efficiency.
Can You File as Head of Household Without a Dependent?
Explore the criteria for filing as Head of Household without a dependent, including marital status and financial support guidelines.
How to Check Your Illinois Tax Refund Status and Avoid Delays
Learn efficient ways to track your Illinois tax refund status and understand factors that may affect processing times and potential adjustments.
What Time of Day Does the IRS Deposit Refunds?
Discover how timing, bank schedules, and nonbusiness days affect when the IRS deposits your tax refund. Plan ahead with these insights.
What Should I Enter for Locality Name on My W-2?
Learn how to correctly enter locality names on your W-2 to ensure accurate local tax withholding and compliance with jurisdictional requirements.
How Many Kids Can You Claim on Taxes and Still Get Credit?
Discover the guidelines for claiming children on taxes, including criteria and rules for multiple claims and unique dependent situations.
What Is an Employer State ID Number and Where Can You Find It?
Learn about Employer State ID Numbers, their importance, where to locate them, and how they differ from federal IDs. Stay informed on recent updates.
Why Might Preparing Taxes Be Different for People Living in Different States?
Explore how state-specific regulations and residency status impact tax preparation, affecting income allocation, credits, and local tax obligations.
When Should I Stop Claiming My Child as a Dependent?
Discover key factors to consider when deciding to stop claiming your child as a dependent for tax purposes.
Should I Claim Exemption From Withholding on My Taxes?
Explore the criteria and implications of claiming tax exemption from withholding to make informed financial decisions.
Do I File My LLC and Personal Taxes Together?
Learn how to navigate tax filing for your LLC, whether single or multi-member, and maintain clear separation from personal taxes.
Can I Get a Refund for Excess Social Security Tax Withheld?
Learn how to identify and reclaim excess Social Security tax withheld, including steps for employer correction and filing through your tax return.
Penalty for Filing Head of Household While Married: What to Know
Explore the implications and penalties of incorrectly filing as Head of Household while married, and learn how to correct your tax status.
How to Get My AGI From Last Year: Step-by-Step Options
Learn how to easily access your previous year’s AGI with various methods to ensure accurate tax filing.
How Long Does It Take to Get an Ohio Tax Refund?
Discover the factors affecting Ohio tax refund timelines and learn how to track your refund status efficiently.
Why Is My Tax Return So Low This Year?
Discover the factors affecting your tax return amount, from withholding adjustments to filing status changes, and learn how to optimize your refund.
How to Freeze Your Credit and Protect Your Financial Security
Learn how to freeze your credit effectively to enhance your financial security and protect against identity theft.
Does the IRS Process Returns on Weekends?
Learn about the IRS’s weekend processing schedules and when to expect updates on your tax return status.