Family and Taxes
Do Minors Have To Pay Taxes?
This should come as no surprise to anyone, but the IRS sees little difference between minors and adults when it comes to filing and paying…
Claiming Dependents On Taxes: What You Need To Know
Claiming Dependents On Taxes Article summary: A tax dependent is a qualifying child (or relative) that you can claim for tax deductions and credits on…
Earned Income Tax Credit (EITC): How To Qualify & File
Overview of the Earned Income Tax Credit (EITC) The Earned Income Tax Credit (EITC), also known as the Earned Income Credit (EIC), was established in…
IRS Code 766: What it Means on Your Transcript
Taxes and good news seldom come together, but that doesn’t mean it never happens. Case in point, you might one day receive your tax transcript…
Reporting your Child’s Capital Gains and Dividends on Your Taxes: Form 8814
Little Timmy's investments actually paid off? Congrats! Here's how to put your kiddo's income on your joint tax return. Are you the custodial parent of…
The Expanded Child Tax Credit
Important Information About the 2021 Child Tax Credit: Advance Payments, Online Tools, & More Thanks to recent temporary changes to the federal Child Tax Credit…
Child Tax Credit Faqs
Answers to Frequently Asked Questions About the 2021 Child Tax Credit & Advance Child Tax Credit Payments The Child Tax Credit (CTC) is a federal…
Taxable vs. Non-Taxable Income
What Types of Income Are Subject to Tax? Are you trying to determine whether or not all of your income is taxable? While the IRS…
