For people that have combined their finances with their partner over the years, having to file your taxes alone might be a shock. However, there is enough information to make filing...
Posted by Abundant Wealth Planning LLC on 06/11/2021
Many people are guilty of not updating their W4 for a long time. W-4, for many people, is like a set-it-and-forget something, especially if they have no meaningful life-changing event...
Posted by Raven Skylar Tax & Consulting, LLC on 05/30/2021
It might make sense for married couples to file their taxes jointly to get the benefits that come with marriage. However, this is not always the case, as separate filing might be better...
Posted by Tiffany Gaskin on 05/18/2021
One of the advantages of having a child comes to play when it is tax time as one can qualify for some money. On March 10, 2021, the American Rescue Plan Act was signed, which added...
Posted by UNIVERSAL ACCOUNTING & FINANCIAL SERVICES INC. on 04/30/2021
There are situations in which multiple parties claim the same dependent. For example, in divorced cases, a child may be claimed as a dependent by both parents. In general, only one...
Posted by James Financial Services Inc on 04/27/2021
A flexible spending account, or FSA, is a pre-tax expense account that many employers offer for employees' benefit. These bills allow you to pay necessary expenses without paying...
Posted by Flynn Financial Group Inc on 04/06/2021
Tax credit for other dependents is a system designed by Uncle Sam in which relations (nuclear and extended families) can qualify for tax credits. With this credit, taxpayers can get...
Posted by Pat Raskob on 03/31/2021
There is no magic formula to determine the amount of life insurance you will need. However, you can make a reasonable estimate if you consider your present financial situation and...
Posted by Rosovich & Associates, Inc. on 03/30/2021
What is married filing separately?Married filing separately is a tax law for couples who choose to file their taxes, income, and deductions on separate tax returns. There is a potential...
Posted by Raven Skylar Tax & Consulting, LLC on 03/29/2021
