How Does the GA 529 Tax Deduction Work for State Taxes?
Learn how the GA 529 tax deduction can optimize your state tax savings through eligible contributions and distributions.
Investment and Financial Markets
How to Get IRS Proof of Extension Filed for Your Taxes
Learn how to verify your tax extension with the IRS through various methods, ensuring peace of mind and compliance.
Can I Install Solar Panels Myself and Still Get a Tax Credit?
Explore the feasibility of DIY solar panel installation while ensuring eligibility for federal tax credits. Learn about requirements and tax filing essentials.
Will My Property Taxes Go Up If I Pay Off My Mortgage?
Explore how paying off your mortgage might impact your property taxes and learn about assessment methods and tax payment options.
New York 529 Tax Deduction Rules: What You Need to Know
Understand the essentials of New York’s 529 tax deduction rules, including qualifications, limitations, and filing requirements for optimal planning.
How to Report the Sale of a Business Vehicle
Learn how to accurately report the sale of a business vehicle, including tax implications and necessary documentation.
Are Insurance Proceeds Taxable for Rental Property?
Explore the tax implications of insurance proceeds for rental properties, including impacts on income, repairs, and depreciation.
Can I Use My HSA for My Child Who Is Not a Dependent?
Explore the rules and implications of using your HSA for a child who isn’t a dependent, including tax impacts and necessary documentation.
Do I Own My Car If I’m Making Payments?
Understand the nuances of car ownership while making payments, including title, lienholder rights, and equity considerations.
Can One Spouse Itemize and the Other Take the Standard Deduction?
Explore the rules and options for spouses choosing between itemizing deductions and taking the standard deduction on their tax returns.
How Many DBAs Can an S Corp Have? Filing and Reporting Explained
Explore the nuances of managing multiple DBAs within an S Corp, including filing, reporting, and accounting practices.
Renting Out a Room in Your Primary Residence: Tax and Depreciation Tips
Learn how to manage taxes and depreciation when renting out a room in your home, ensuring compliance and maximizing financial benefits.
Return Due Date or Return Received Date: Which One Matters More?
Explore the importance of return due dates versus received dates and their impact on financial outcomes and filing methods.
What Is the Tax on Goods and Services That Goes to Your State or Local Government?
Understand how state and local taxes on goods and services are applied, collected, and managed, including exemptions and penalties.
How to Change Your Business Name on an EIN
Learn the steps to update your business name on an EIN, ensuring compliance and seamless transitions with financial entities and documentation.
Are Difficulty of Care Payments Considered Earned Income?
Explore how difficulty of care payments are classified for tax purposes and their implications on deductions, credits, and Social Security.
Walmart Money Card Pending Deposits: How to Check and Resolve Issues
Learn how to check and resolve issues with pending deposits on your Walmart Money Card efficiently.
How to Report Cash Surrender Value on Your Tax Return
Learn how to accurately report cash surrender value on your tax return, including calculations, forms, and potential impacts on your finances.
Do You Receive a 1099 for Gambling Winnings? Here’s What to Know
Understand the tax implications of gambling winnings, including when a 1099 is issued and your responsibilities for reporting income.
Do I Have to File Taxes for My LLC if It Has No Income?
Learn about tax filing obligations for LLCs with no income, including federal and state requirements, and the importance of maintaining accurate records.