asked
I need some inputs on tax planning. Can I increase the size of my monthly paycheck by reducing my monthly tax deduction since I know I will get tax breaks on mortgage interest and depreciation of my rental property?
January 10th, 2024
If my personal allowances worksheet determines my number of exemptions to be '2', what should I withhold?
October 17th, 2024
Are medical bills tax-deductible?
January 5th, 2023
My grandparents passed away in 2004 and I inherited 1/6 of the sale of their property ($4,600). Am I required to pay taxes on that amount? I live in California and my grandparents resided in Texas.
August 19th, 2023
For a single business owner implementing the Section 179 SUV tax, should the car be titled under the company or personal name?
September 24th, 2024
We are going through a divorce. My husband moved out of the home we shared together for 27 years. Our home is for sale, and we are both over 55 years of age. We are still legally married and will file separately for the year 2005. I have lived in the property for 24 out of the last 60 months, but my husband has not. Is he eligible for the one-time tax exclusion of $250,000 due to the divorce, or does he qualify for a pro-rata exclusion?
October 8th, 2023