asked
I am thinking of leaving my employment and taking my 401k paid out. I have an existing loan with my 401k that I am paying back. I want to know if there is a way to estimate the amount of taxes I would be paying if I take the payout. Is it worth it to take the payout?
September 20th, 2023
I filed my federal taxes online electronically in March for the 2021 tax year. When I check on the IRS website, it says 'not yet processing,' and I haven't been able to contact a live person to figure out why.
May 15th, 2024
I receive $36,000 in Social Security benefits and $7,000 from a retirement account. I am single and head of household. Do I pay taxes on the $7,000 from the retirement account, and if not, at what level of extra income do I start to pay taxes on it?
July 31st, 2024
What is the maximum percent the Wisconsin DOR can garnish my wages for, and can they garnish 75% of my gross income as an independent contractor?
November 13th, 2024
If I am a US citizen living in Dubai in 2022 and sell long-term capital gain stocks in January 2023 while still in Dubai, then move to the USA in March 2023, how does this affect the taxes related to those stocks? Specifically, does it affect federal and state taxes, and if so, how?
July 31st, 2024
As a US citizen with dual nationality (Canada) working at the Canadian Embassy and paying Canadian taxes, which standard deduction should be used for filing Form 1116 (Foreign tax credit)—the Canadian or US standard deduction? Additionally, what other documents need to be attached to Form 1040 besides Form 1116 and Schedule 6?
August 2nd, 2023