A tax dependent is someone with connections to you that permits some tax deductions and credits like the head of household, the child and dependent care credit, the child tax credit,...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 03/31/2023
Marriage can affect taxes in several ways. While everyone's situation is different, certain marriage tax benefits help you pay less tax. In addition, they will have tax options...
Posted by Taxes Made EZ Inc on 03/24/2022
The IRS requires all taxpayers to file an income tax return, regardless of their age.The Internal Revenue Service (IRS) requires all taxpayers, regardless of their age, to file an...
Posted by KLSM CPA Firm PLLC on 11/11/2021
Caring for children or dependent adults is one of the biggest monthly expenses many families face. But without primary care, parents may be unable to leave home to earn a living or...
Posted by CORE PERFORMANCE on 01/30/2021
Tax credits, such as elderly tax credit and the disabled, are credits applied to taxes owed. For example, if you owe $2,000 in taxes and have a loan of $700, you only have to pay $1,300....
Posted by Don Bell Law on 01/01/2021
The Tax Cuts and Job Act is the most crucial series of amendments to the US tax code in a few decades. The vast majority of the amendments will come into effect in the 2018 fiscal...
Posted by Flynn Financial Group Inc on 10/29/2019
When it is the time of taxes, everyone has the same approach of saving money as much as possible. You have to follow the ways out of which you can maximize the savings and be eligible...
Do you spend sleepless nights as a consequence of cogitating over underpayment or overpayment of taxes?Tax-related matters are often laden with stress. Payment of right tax at the...
Posted by Tax Solutions & Accounting Services on 06/18/2018
For many foster parents, tax time may be slightly confusing. This is because while you are responsible for the care and well-being of your foster children, the same credits and deductions...
Posted by Kenneth M Perkins CPA/PFS on 03/23/2016
