Dwayne J. asked
Can a taxpayer who was a dependent on their parents' return for 2019 (no stimulus received) and is not a dependent with an AGI under $25,000 for both 2019 and 2020 receive credit for both stimulus payments on their 2020 tax return?
March 29th, 2023
Michael B. answered
Yes, if the taxpayer does not qualify as a dependent for tax year 2020, they can claim both missing ...
March 29th, 2023
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I started my own business in January 2020 but had to close it in March 2020 due to the pandemic. I continued working my part-time job, which I am still doing. I want to file for unemployment for my business, but I am not eligible for my part-time job since I was moved to teletherapy. If I quit my part-time job, will that allow me to file a claim? I am currently in debt and struggling to make ends meet, and I am also concerned about my health due to the child I am working with having COVID-19.
September 26th, 2023
Is bond premium on a tax-exempt municipal bond taxable?
December 28th, 2023
I made a mistake on my tax return filed with FreeTax USA. I stated I received $600 on the first stimulus when it was actually $1200. I am located in Lexington County, SC, and I have no dependents. What should I do?
March 5th, 2024
I’m 55 and diagnosed with diabetes. I was furloughed from Disney due to COVID-19 and decided to collect my retirement benefits, receiving a lump sum of $63,881, from which $12,669 was withheld for taxes. Do I need to pay a penalty for early retirement, or has the pandemic eliminated that regulation?
June 27th, 2023
Rick, you worked with me in the past regarding “Yellow Sticky Notes” and possibly scan numbers. I need your help with my personal taxes. Do you remember me, Angela?
September 19th, 2023