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

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