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What do I do if FreeTaxUSA keeps declining my card even when I’ve verified the card should work?
Contributed by: PhillipB, FreeTaxUSA Agent, Tax Pro Nothing is more frustrating than having a credit card that gets declined, especially when you’re confident the card should work fine. If this is something you’re experiencing with FreeTaxUSA, here are some things to try: Verify Card Details: Ensure the card number,…
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How do I change my filing status after the death of a spouse?
Contributed by: Henry, FreeTaxUSA Agent, Tax Pro The final tax return When a spouse passes away, their final tax return needs to be filed (if there’s a filing requirement), covering the period from the beginning of the tax year up to the date of their death. The final return is generally filed by the surviving spouse or…
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How do I file a tax return following the death of a family member?
Contributed by: Henry, FreeTaxUSA Agent, Tax Pro Losing a family member is a challenging experience. Amidst the grieving process, there are some practical matters that need attention. One important task is figuring out how to file a tax return for the deceased. Understanding the steps involved and the applicable tax…
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How to report foreign inheritance on my US tax return?
Contributed by KeriC, FreeTaxUSA Agent, Tax Pro If you receive a foreign inheritance, you may have to report it to the IRS, even though the inheritance itself is typically not subject to income tax. However, there are specific forms and reporting requirements based on the value of the inheritance and its nature. Here's how…
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What does it mean to 'itemize' and should I do it?
Contributed by: PhillipB, FreeTaxUSA Agent, Tax Pro Every year you have two options: taking the standard deduction or itemizing your deductions. Let's look at what each of these options means for you. What does 'standard deduction' mean? To take an amount determined by the government off your total adjusted gross income…