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What Every Parent Needs to Know About the Child Tax Credit (and the Update Portal)
Just because the monthly check is gone, the tax credit isn't. Parents should be aware that the Advance Child Tax Credit payments, which were monthly…
Making Allowances for Dependents: How Do I Claim a Dependent on My Form W-4 for Tax Year 2023?
Very Important: The allowance on W-4 is not like an allowance from your parents. Accurately claiming dependents on your W-4 form is crucial for ensuring…
Who’s Got Control of the Control Number on W2 Forms?
So this is like "quality control" but for my income taxes. Better than "Inspected by No. 12." Your W-2 form is a crucial document when…
Funeral Expenses That Are (and Aren’t) Tax Deductible
Death and taxes might be certain, but funeral expense tax deductions are a little less so. Funeral expenses can be a substantial burden on families,…
How to Navigate the (Slightly Simpler) Alternative Tax System: The Alternative Minimum Tax Calculator
There's an alternative to regular taxes? Yeah, paying more. Alternative minimum tax (AMT) is a tax system implemented in the United States to ensure that…
Which 990 Form Should My Tax-Exempt Organization Use?
You might be exempt from taxes, but no one's exempt from paperwork! What is IRS Form 990 and why is it important? IRS Form 990…
Do Capital Gains Count as Income When I’m Doing My Taxes?
Gains, income, gravy train - it's all the same, isn't it? Not to Uncle Sam. Capital gains do count as income for tax purposes. Getting…
Math Errors and Missed Deductions: When You Should File an Amended Tax Return and How to Track Yours
What to do when something doesn't add up on your tax refund. When it comes to filing a tax return, mistakes can happen. Fortunately, taxpayers…
