What Disqualifies You From Earned Income Credit?
Discover the key factors that can disqualify you from claiming the Earned Income Credit and ensure your eligibility.
Investment and Financial Markets
Do You Have to Report Child Support on Taxes?
Understand how child support impacts your taxes, its classification, and what documentation is essential for accurate reporting.
Doordash 1099: What You Need to Know to File Your Taxes
Navigate the essentials of filing taxes as a DoorDash driver, including forms, deductions, and record-keeping for a smooth tax season.
What Is the Depreciation Life for HVAC Systems?
Understand the depreciation life of HVAC systems, including asset classification, calculation methods, and handling upgrades or replacements.
Are Simple IRA Contributions Tax Deductible?
Explore the tax benefits and reporting requirements of Simple IRA contributions, including deductibility rules and contribution limits.
Is Claiming 10 on Your W4 Allowed and What Are the Risks?
Explore the implications and risks of claiming 10 on your W4, including tax impacts and potential underwithholding issues.
What’s Annual Net Income and How Is It Calculated?
Understand annual net income, its calculation, and its role in budgeting and credit evaluations. Learn how it differs from gross income.
Are COBRA Payments Tax Deductible? A Detailed Overview
Explore the tax implications of COBRA payments, including IRS guidelines, itemizing medical expenses, and self-employment considerations.
Where Do I Get My 1099-SA Form for HSA Contributions?
Learn how to obtain your 1099-SA form for HSA contributions from various sources, including custodians and employers, and steps to take if it’s missing.
How Do I Report Box 12a and 12d Information From My W-2?
Learn how to accurately report Box 12a and 12d information from your W-2, including tips on handling various codes and necessary recordkeeping.
Can I Use My Social Security Number as My EIN for a Business?
Discover when and why you should use an EIN instead of your SSN for business identification and the steps to make the transition smoothly.
New York State Driver’s License Document Number for Tax Returns
Learn why New York State requires a driver’s license document number for tax returns and how to locate and correct issues with it.
Do You Have to File State Taxes in Texas?
Learn about Texas state tax obligations, including non-income taxes and out-of-state filing requirements, to ensure compliance and avoid issues.
What Is the Statute of Limitations for a 1099-C?
Understand the time limits and legal nuances of 1099-C forms, including recent changes and how they impact your financial obligations.
Why Is My Tax Refund Pending in My Bank Account?
Understand the reasons behind a pending tax refund in your bank account and learn steps to expedite the release of your funds.
How to Recharacterize a Roth IRA to a Traditional IRA
Learn how to navigate Roth IRA recharacterization to a Traditional IRA, including eligibility, steps, tax implications, and deadlines.
How to Avoid Taxes on 401K Inheritance
Learn strategies to manage 401K inheritance effectively, minimizing tax impact and ensuring compliance with financial regulations.
How Is Severance Pay Taxed? A Detailed Breakdown
Understand the nuances of severance pay taxation, including federal and state guidelines, and its impact on your tax bracket.
Will Rental Loss Carry Forward Amounts Ever Be Used?
Explore the complexities of rental loss carry forward, including calculation, tracking, and the impact of real estate professional status.
Are Continuing Education Expenses Tax Deductible?
Explore the tax implications of continuing education expenses, including eligibility criteria and documentation requirements for deductions.