The most recent content from our members.
I recently got a new, higher-paying job that I expect to have next year. (hired in August). I will most likely be in a new tax bracket this year and probably an even higher one next year. What are some of the things I can do to minimize my taxes paid overall? I am not concerned about taxes in a particular year; I would…
If I offer proofreading on Fiverr and I haven't earned anything yet but they require me to file a W-9 to start offering proofreading services on Fiverr's platform, will that income be considered a hobby or business income?
I filed my taxes last month and both my state and federal returns were accepted by the IRS. Today I stumbled upon a 1099-R form that I forgot to file. Here's where it gets complicated… I only filed an Alabama state return because the only jobs I worked in 2023 were in that state. However, I drained my retirement account in…
How do I attach other forms when filing my annual return? For example, I have to attach form 8938 but the system only asked me if I did it, not to actually attach it.
I've received SSDI for a number of years now. I have a small rental home, and monthly rental income from it. I live with my parents, who are seniors, and the income is shared with them. But I file taxes separately from my parents, who are married. Is my SSDI taxable? I see it's taxable if total income is over a certain…
I recieved a lump sum from an insurance settlement. I don't see an option for Insurance settlements in the subcategories within the Income tab. I believe I still have to file the amount in the state of Texas. Any help would be appreciated.
All of 2023, my husband did not work. From Jan-May (I think) he was receiving insurance disability from his job, while waiting for SS Disability to be approved. He started receiving his disability starting October 2023. He hasn't received any back pay as of yet. Does my husband have to file taxes? Also, since I have W2's,…
I received a 1099-G from the state in 2023, and have received a 1099-G. This is a relocation grant. On the 1099-G the income appears in Box 6 "Taxable Grants". All other boxes are zero. How do I report this in TaxFreeUSA? It's not an educational grant, it's not unemployment, and not a taxable state refund.
My husband and I file a joint return, and we are claiming our 17-year-old daughter as our dependent. She is still a full-time student, but worked part time during the Summer for about 3 weeks. She is supposed to receive a W2, but her gross income was less than $2000 for that time period. My question: do we have to claim…
Received a $300 rebate. It is not taxable on my Alabama state return but is it taxable on the 1040 federal return?
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