My daughter, who is 21 and lives with me, applied for FAFSA financial aid for college and received only $400. They said she does not qualify for more because my income is high. Why is that, even though my wife and I do not claim her as a dependent and she files her taxes independently?

May 13th, 2024

If I took a loss and did not make money with my business and just have expenses, is it worth filing? I am 43 years old, located in Victorville, California, have no dependents, file as head of household, and paid myself $4,000 last year. This is my first time filing for my business.

December 4th, 2024

My husband and I file our taxes jointly and have 2 deductions. Can we increase that number to 5, and can we claim our son as a dependent for 2020 since he did not work all year and offers nothing financially to the household?

June 21st, 2024

I would like to change my address with the IRS. I am currently located in Cincinnati, Ohio, 56 years old, and trying to update my address for the stimulus check. I filed my 2018 taxes as married filing jointly with two dependents. What are my options to change my address with the IRS?

January 29th, 2023

My S Corporation received $1.3 million for damages to a building when the county was upgrading roads and caused the building to flood. Is the settlement amount taxable?

July 7th, 2024