My daughter, a 20-year-old self-employed graphic designer, claimed business-related education expenses on her Schedule C and did not use her 1098-T for tax credits. When filing her taxes using an automated system, she was asked if she was a student and answered no, resulting in an earned income credit (EIC) being automatically applied. Should she have received the EIC, given her age, student status, and the fact that she has no dependents?

June 5th, 2024

I need help adjusting my W4 form for my full-time job, as I also do freelancing, and want to ensure my withholding is correct. I have a document from the IRS website that I created to determine how much I should be withholding, but I need an expert to confirm if this is correct.

January 11th, 2023

I recently sold my property and building for $150k and auctioned my tools for $50k. I'm considering paying a substantial amount of my taxes now via a 1040 ES, specifically $35k, rather than waiting until next April. Is it advisable to make this large estimated tax payment now?

February 20th, 2024

I have Medicare Plan A and need to apply for Plan B. I just retired and didn't realize I had to do this to get a plan with United Health Card. I'm 75. How do I apply for Medicare Part B, and what should I know before I do?

January 10th, 2024

What's the status of my 2020 refund? I filed a hard return (not electronic) in March 2021.

May 22nd, 2023