Can Grandma claim grandchild taxes?
A grandmother can take the Earned Income Credit if she meets certain income limits; if her grandchild meets the guidelines for a “qualifying child;” and i...
Category: General
Can you collect SSI and pension?
En español | Yes. There is nothing that precludes you from getting both a pension and Social Security benefits. If your pension is from what Social Securi...
What do you do when your adult child moves back home?
7 Tips for When Your Young Adult Children Move Back Home Don’t freak out. If your young adult child is moving back home, don’t assume he will be a loser t...
How to minimize taxes when you inherit an IRA?
We share some tips to minimize taxes on your inherited IRA. You have two main options after inheriting a retirement account. Withdraw all of the money and...
How much does it cost to use just answer?
How Much Does JustAnswer Cost? The monthly membership fee varies depending on how you sign up for Just Answer. Some links will take you to a $5 week-long ...
Can a sister in law be counted as a dependent on my tax return?
Is she qualified to be counted as a dependent on my tax return? Yes, because sisters-in-law meet the relationship requirement and there is no age limit fo...
Do you have to be married to file a single tax return?
gov and click “Free File” on the home page. Here’s a list of the five filing statuses: Single. Normally this status is for taxpayers who aren’t married, o...
What is the phone number for the IRS?
IRS live phone assistance is extremely limited at this time. For Economic Impact Payment questions, call 800-919-9835. Where’s My Refund? Expecting a refu...
Does a nonprofit Need an accountant?
Do nonprofits need accountants? Like any organization that handles cash flow and pays taxes, nonprofits should invest in professional accounting. Many non...
What is the standard family deduction?
In 2020 the standard deduction is $12,400 for single filers and married filing separately, $24,800 for married filing jointly and $18,650 for head of hous...
