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

I mailed my tax forms today but forgot to include the payment check. How do I get my check to catch up to my tax statements?

April 8th, 2023

I rent an apartment in Woodbridge, VA and work in DC, but I also bought a home in Charlotte, NC. Where should I have my cars registered, my driver's license, and what state income tax returns should I file? Currently, I file a VA income tax, and my cars and license are registered in VA.

September 29th, 2024

I had my taxes prepared by AARP and the routing number for electronic deposit was incorrect. How do I correct this issue?

September 5th, 2024