asked
Are stipends paid from Medicaid waiver monies taxable?
February 15th, 2024
I want to know if it would be ill-advised to amend 2021 and 2022 taxes to reflect the reality of our situation. I filed as a sole proprietor but my husband has been my partner since my brother passed. I want to file partnership returns for those years without changing any numbers. My husband needs to be able to verify his income since our joint returns for those years do not show him earning any money.
April 5th, 2023
I am buying a Tesla this year and might have a combined income of $300K, with my spouse's income closer to $100K. Can I file the income tax separately for her and get the EV rebate?
June 25th, 2023
Is the profit from the sale of an inherited home, after all fees and mortgages, taxable if the home was sold at its fair market value at the time of the parents' death? Specifically, if the home was valued at $116K and sold for $118K, leaving a net profit of $58K, and the state does not have an inheritance tax (e.g., Michigan).
January 28th, 2024
Is there a financial cutoff where a married couple no longer has to file income taxes? We are both over 65, have a joint income of about $55,000, and receive Social Security and pension payments.
April 4th, 2023
My mother passed away in 2022 and I was the beneficiary on her estate, receiving $30,000. I paid both Federal and MN state taxes on it when I received it. Do I have to report this on my taxes?
January 13th, 2023