The most recent content from our members.
My daughter-in-law is earning income as a surrogate mother. How should that income be reported on the 1040?
The SSA sent my mom's final SS check after her death to me in my name in 2024. How will I file that and can Free Tax USA handle that?
I just recently received a settlement check. Are there ways I can minimize tax liability?
I got **** into a horrible cryptocurrency scam a few months ago. I lost over $150,000! I purchased BTC and ETH with my real money through real crypto trading sites (Robinhood, crypto.com, coinbase), but then stupidly transferred them to the scammer's wallet address to do what they said was "contract trading" to make a…
I was the executor of her will. I sold it and disbursed the money left after closing and lawyer fees to my siblings according to my mother's will. How do I deal with this on our taxes this year?
Roth IRA income limitations
Hello, wondering if matching contribution my employer makes via a Thrift Savings plan are considered as part of my total contributions to Roth IRA in the tax year?
The county i live in just bought 10 feet of my backyard to widen the road behind my property. Of the money I received a small portion was for the land itself and the rest was for damages and to make me whole ie replace my fence, modify septic drain field, loss of trees and so on. What if any of this money is taxable?
I am retired and withdrew $50,000 in Jan 2024 on my IRA account and withheld $3,000 from 2023 IRS refund as estimate tax. I delayed my SS benefit and my spouse is on SS benefit. My estimate federal tax is around $3,700 based on our current income (married join filing) of $67,000. I plan to withdraw another $30,000 (lowest…
I accidentally put a 2022 W-2 on my 2023 tax return. When I received a letter from the IRS stating that they were reviewing my return and I had not yet received my refund, I assumed that they would see the mistake, revise it, and then send me my adjusted refund, but they did not and when I called and finally spoke with…
It looks like you're new here. Sign in or register to get started.