Planning for a marriage is one of the major events in the life of many people. However, many fail to account for a critical thing during the process- taxes. As a result, everyone planning...
Posted by CORE PERFORMANCE on 09/26/2021
When it comes to taxes, we are always seeking ways to save money, pay less, or have returns. So regarding dependent care like taking care of children, everyone in that category wants...
Posted by Taxes Made EZ Inc on 08/06/2021
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
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
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
What is a dependent?A dependent is a qualified person other than the taxpayer or spouse, who gives the taxpayer the right to request a dependency exemption on their income tax return....
Posted by Income Taxes and Bookkeeping LLC on 02/10/2021
In accordance with the TCJA, significant changes have been made to the child tax credit. These changes affect fiscal years 2020 and 2021 and beyond. This article will cover all the...
Posted by Dennis Jao on 01/30/2021
The child tax credit is a credit that can give you up to $2,000 for each qualifying child while a qualifying dependent gets $500. It is a refundable tax credit that diminishes when...
Posted by Rosovich & Associates, Inc. on 12/19/2020
The Earned Income Tax Credit is a unique tax credit that is specifically given to taxpayers who earn low to medium wages. The credit was first introduced in 1975 in an effort to reimburse...
Posted by Daniel P Vigilante CPA and Profit Consultants on 10/29/2020
