Marriage is a beautiful thing that many people look forward to. It presents a unique opportunity to live together with your heartthrob eventually, and it changes a huge part of your...
Posted by Income Taxes and Bookkeeping LLC on 03/31/2021
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
The filing status of a taxpayer depends on individual circumstances. Are you married or single? Do you have dependents? Identifying the correct filing condition is essential, as it...
Posted by Elliot Kravitz, ATP on 02/17/2021
The IRS does not require couples to file joint tax returns for the simple fact that they are married. Spouses have the option of filing separate marriage declarations, and some do...
Posted by The TaxAdvocate Group, LLC on 02/17/2021
An overview of the issues of spousal liability in the world of income tax.John and Jane divorced after five years of marriage and two children. Jane got the children, the house, and...
Posted by Tucker Accounting Services LLC on 01/22/2021
Every year, many self-employed citizens and part-time workers feel they might not have to pay tax on their earnings. However, there is no specific rule that specifies the minimum one...
Posted by The TaxAdvocate Group, LLC on 12/15/2020
In the US tax system, income taxes are progressive, so you pay different types of taxes. Knowing the federal tax brackets for fiscal 2020 and 2021 can help you maximize your tax savings...
The standard deduction can help you deduct thousands of dollars from your taxable income. What is it, and how do you claim it?It is never too late to start thinking about how you plan...
Posted by Unifirst Financial & Tax Consultants on 11/24/2020
There are five types of tax filing status: head of household, married filing separately, married filing jointly, qualified widow, and single filing. The status of your tax return can...
Posted by Dennis Jao on 09/15/2020
