Should I claim my 19-year-old daughter as a dependent since she lived with me all year in 2020 and will be filing her own tax return? She attended school in the first half of the year only.

June 19th, 2024

I am working on a Schedule C and using tax software (Drake) that allows both mileage deduction and bonus depreciation. I thought you can only utilize one of those deductions. Why is the software not indicating an error, and how does the auto expense worksheet asking for mileage used in previous years affect future deductions?

February 4th, 2024

I need to check the status of my tax refund. I am located in New Braunfels, Texas, 54 years old, with 1 dependent, and my typical filing status is head of household with an income of $37,000. I have already checked the IRS website, but the status remains the same while others with similar notifications have received their refunds. What should I do?

January 31st, 2024

How do I know if I need to pay estimated taxes? Should I look at my 1040 or 140 for state?

October 26th, 2023

I haven’t received my 1099s from my government retirement and Social Security information for 2020. I moved twice during 2020 but continued to receive direct deposits. I have been receiving benefits since age 62 and have had no changes to my account or direct deposit method. I also need assistance with my tax return, as I sold a house in 2019 and made charitable cash donations. I earn about $13,000 from retirement and even less from Social Security. I bought a condo in 2020 with a mortgage. What should I do, and could I owe taxes or get a tax return?

December 5th, 2023