asked
My wife is a recently retired schoolteacher who has received her real estate license and is actively pursuing a career in real estate. She has incurred expenses but has yet to generate income from this career. Can she deduct all of her expenses from her personal tax return, and can she deduct her mileage from home to her real estate activities if she maintains a home office?
December 19th, 2024
Can I deduct taxes withheld on unemployment if I itemize?
September 18th, 2024
Last year I paid my taxes and I owe. I am currently located in Las Vegas, 64 years old, with no dependents. My typical filing status is not specified, but last year we made $56,000. Both of us collect Social Security, I have Military retirement, and state retirement from Illinois. Is there anything else the Accountant should know before I connect you?
October 6th, 2024
I started my 2021 taxes on TurboTax but never submitted them. When doing my 2022 taxes, do I need to delete 2021? I'm trying to enter pension information, but TurboTax keeps asking about a 401k, which doesn't apply. Before entering any pension info, it says something is wrong with the information. Is it picking up last year's unfinished info? Additionally, my husband has a central states teamsters pension, and I have a state of MI pension income. Are these considered private source pensions or qualified public pensions?
October 24th, 2024
How do I determine the before and after fair market value of my house for tax purposes when I'm claiming a loss from a February 2021 ice storm, and I've lived in the house since 1998?
August 21st, 2024
Do I have to pay taxes on my social security income, and if so, how much could I owe? I am receiving my first social security payment in July and will be 65 in May. I thought it was tax-free, but I also earn an additional $21,000 per year, which is taxable.
May 18th, 2023