asked
I am 74 years old and my only income is social security, $1459.00 per month. Am I entitled to income tax credit or any other credits? I also pay long term care insurance of $126.92 per month.
August 3rd, 2023
I am a Massachusetts resident attending college in California, and all my income was earned in California last year. I am using TurboTax online to file my federal taxes and it is charging me Massachusetts taxes. How do I inform TurboTax that I did not work in Massachusetts to avoid being taxed twice on the same income?
January 18th, 2023
I am thinking of starting my social security retirement benefits at age 66, but I am not quitting work yet. How much will get taxed if I start now, and is it 50% of my retirement benefits?
March 2nd, 2024
I was unemployed last year and needed insurance through the marketplace. I estimated my income to be 15,000, but I only grossed 3,000. I received a tax credit of 264 that was paid directly to my marketplace insurance plan. How will this affect my tax return, and can I defer paying any amount I owe until next year?
July 9th, 2024
Can I deduct closing costs and realtor fees on the sale of my home, especially if I have a loss and cannot claim a loss on the sale of a home?
March 9th, 2024
My cell phone, which is used for more than 50% business (self-employed sole proprietor filing a Schedule C), is listed property and should be entered on Form 4562, correct? Where would I deduct the cost of the cell service?
June 27th, 2024