If you have a dependent who does not qualify for the Child Tax Credit, you may be able to benefit from the Credit for Other Dependents. This tax credit is a nonrefundable credit worth up to $500 per eligible dependent and cannot be claimed for the Child Tax Credit. Not everyone has a family with […]
Tax Credit for Other Dependents | Your How-To Guide Read More »
The lottery and taxes go together like peanut butter & jelly, although it does not taste nearly as good. In 2018, when the lottery was up in the billions – that’s right, billions with a “B”, there was much discussion about the amount of tax that would be owed from the winner would owe. Sandra
Lottery and Taxes | What You Need to Know about Your Winnings Read More »
There are many ways you can save money come tax season. You can take many different tax deductions and/or tax credits that may help you reduce the amount of taxes you owe to the IRS. The government understands the cost of education is high; that’s why it offers many student tax breaks related to the
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It’s never pleasant to think about the death of a loved one, but if there is the possibility that you will receive an inheritance, you may have to pay taxes on it. Of course, the last thing you want to think about when going through a loss is the tax consequences of an inheritance, but
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By now, you’ve heard of Uber and/or Lyft. They are called “rideshare” jobs, simply because you are sharing your ride with someone by giving them a lift from one location to another. This article will touch on the basics of ridesharing in general as well as rideshare and taxes. We’ll also cover how to join
Rideshare and Taxes | 2020 Complete Guide Read More »
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