I am set to inherit $22,000.00, which I need to split 50%-50% with my brother. The money will be taxable for the 2015 tax year. Should the bank issuing the inheritance checks make 4 checks for $5,500.00 each or 2 checks for $11,000.00 each? How much should we set aside for both state and federal taxes?

February 2nd, 2023

Can legally married gay couples, including those recognized as domestic partners, file a Married Filing Jointly tax return?

June 8th, 2023

If I earn $1,600 monthly and claim 3 on my W4 form, how much taxes will be withheld approximately?

July 24th, 2024

Where can I find information on paying taxes for cheap cigarettes I bought over the internet? I live in Pennsylvania.

October 10th, 2023

My mother had put my name and my brother's name on her house deed in 12/01. She continued to live there until her death in February 2006, and we have just sold the house. Do we have to pay any kind of tax on this money or is this considered an inheritance?

January 6th, 2023