asked
If I buy a condo with cash and add my daughter's name to the title, who will live there as her primary residence, can I claim all the taxes on my income tax? Also, can we still claim the New York State STAR school tax refund since she is living there and it is her primary residence, even though I am paying the taxes and don't live there?
July 9th, 2023
My husband died suddenly and had filed for an extension on our 2018 taxes. I cannot find the incomplete return. What should I do?
October 6th, 2023
My partner was out of work for a while and I had to withdraw from my 401k, incurring a 10% penalty and additional federal taxes. I am in a civil union and my partner has filed her taxes already. She is covered under my health insurance at work. Would I claim her as a dependent, and what goes into being exempt from the extra 10% penalty?
August 12th, 2023
If I retire and begin to draw Social Security halfway through the year, does the income I've earned up to that point count towards the $14,500 limit before losing some of the Social Security benefit?
May 23rd, 2024
My wife and I will soon be divorced, and we have always filed jointly. We are both retired and have minimal savings and rental income. We are confused about the benefits of filing jointly or individually, especially regarding Obamacare subsidies and income thresholds. If we are divorced by October 1, 2019, how will our filing status affect our tax situation and Obamacare eligibility? Specifically, how will the sale of a rental property and potential capital gains impact our individual incomes and subsidy eligibility?
July 11th, 2023
My father recently passed away and left no will. He had three savings accounts with less than $500,000 in US banks and €100,000 in Ireland. My brother has power of attorney. How can I get the money with the least amount of tax? Also, can several family members claim up to $12,000 without being taxed?
November 1st, 2024