asked
Can I claim my mom, who receives Medicaid coverage through the state, as a dependent on my tax return while she continues to receive Medicaid health care insurance? She lives with me and I am paying for all her expenses.
August 30th, 2023
I need to start having Missouri state taxes withheld from my Air Force retirement pay. How can I make this change?
October 5th, 2023
I am selling a rental property I've owned for 15 years, resulting in a long-term gain of $100,000. My taxable income is less than $25,000, and I am an 86-year-old single filer. I understand the federal tax rate for long-term capital gains is 0%. Is there any North Carolina tax liability for this transaction in 2019?
September 15th, 2024
My pension is only 4600.00 per year. If I take a standard deduction of 13,000.00 for the 2018 tax year, will I have to pay taxes on the pension?
October 3rd, 2023
I bought a rental property ten years ago for $250K, and now I plan to sell it for $550K. I have been suggested a method to avoid capital gains tax by predating documents to show a higher purchase price of $600K and creating a second mortgage for $350K in favor of the original seller (Mary). Is this method acceptable to the IRS, and how does it affect my capital gains tax calculation?
December 16th, 2023
If I live in Arizona, work in California, and my spouse lives and works in Arizona, do we have to pay taxes on the total income earned as a married couple to California state, or just on the income earned by one spouse in California? What if one spouse had to be declared a resident because they lived and worked in California and didn't meet the criteria of being a non-resident? Would California tax liability be all income earned as a married couple even though one still lived and worked in Arizona? Would we have to file separately for Federal and State?
June 24th, 2023