If you didn’t sign the joint return, it isn’t valid. 3. At the very least, ask for a credit for 1/2 the tax refund in your decree of dissolution. If you b...

The IRS allows you to roll over your HSA funds every 12 months and still maintain the tax-free status. After you request a rollover, your current HSA prov...

If he/she was a student (under 24) for at least 5 months and lived with you for more than half the year, and did not provide more than 1/2 his own support...

For the first year you are self-employed, there could be a long delay before you pay any tax, but, when it arrives, the bill is likely to be large and cou...

Prepare Items for Drop Off Donation Goodwill does not prepare items before they sell them. They don’t wash clothes, wipe off dirt or dust from items, or p...

Even though death occurred, a taxpayer is considered “alive” all year for Earned Income Credit. If the taxpayer can claim any qualifying dependents for EI...

I’m a student: What tax credits and deductions can I claim? Tuition, education, and textbook amounts. Interest paid on your student loans. Public transit ...

You can deduct half of your self-employment tax on your income taxes. So, for example, if your Schedule SE says you owe $2,000 in self-employment tax for ...

As part of the income tax filing, the IRS receives accurate banking information for all TurboTax filers who received a tax refund, which the IRS is able t...

Tax credits do not decrease the amount of taxable income, like deductions, but instead decrease the amount of tax owed dollar-for-dollar. Credits do not a...