How to simply take basic standard home office deduction.
I have (3) Accounts with TD Ameritrade which are managed by an Advisor. (1) IRA (1) Benevolent IRA (1)TOD account. I know that I can deduct management fees from TDA Ameritrade as well as from the Investment Advisor on the IRA's but can I deduct the management fees from the TOD account as well? Thank you!
It is December, now, and I still haven't received my federal refund from my taxes filed in April. I have received multiple letters which simply say that my return is still under review and that it could take up to 60 days. (It's been 8 months.) When I visit the "where is my return" page of the IRS website, it gives me the…
Hello, I hope you are doing well. My wife and I are in the process of adopting a child. We are in the waiting stage right now and do not have a child's name yet. We have adoption expenses from 2022 and 2023 that we would like to claim using the adoption tax credit because (from my understanding) this is the only year to…
For how long is the repayment of this 2008 credit collectible? I know someone who has not yet started paying it back. He is a 100% total and permanent disabled vet who doesn’t pay taxes.
Does FreeTaxUSA software include "Medicaid Waiver Payments is Excludable From Income"?
So i choose to have the fees for filing my taxes threw free tax uSA deducted from my return the company that does that is called Santa Barbra tax group and it states on there website that they received there payment then they tried to send the remaining of it to my bank account but unfortunately my account was closed so my…
I have received paid family leave benefits. I have been told they are not taxable. Should I still report that income when I file? Thanks!!!
I am 58-years-old and own two retirement accounts: (1) a Rollover IRA and (2) a Roth IRA; together they total just under $24,000. I’ve been disabled, on Social Security Disability for 12 years, and therefore not permitted to contribute to either account. If I were to take any money from either account, would I be subject…
My daughter and young granddaughter live with me. I pay all the household expenses (utilities, etc.) plus at least half of my granddaughter's personal expenses (clothes, food, etc). My daughter and I file separate tax returns. Her ex-spouse has remarried and pays minimal child support (approx $200/month). I file as head of…
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