news
What happens to my FSA when I change jobs?
When your employment ends, you can no longer participate in the company’s flexible-spending program and forfeit any unused funds, either immediately or at...
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media and communication
Can I collect both railroad retirement and Social Security?
Can I get both Railroad Retirement and Social Security benefits? Answer: Yes, you can apply for and receive both benefits, but the Tier 1 portion of your ...
global affairs
What is an RL 31 slip?
The RL-31 slip provides information about the occupant(s) of a dwelling as at December 31 of a given year. Tenants and subtenants use this information to ...
news
How much of my laptop can I claim on tax?
If your computer cost under $300, you can claim a one-off, immediate tax deduction for the business use percentage of the purchase price. If your computer...
media and communication
Why does TurboTax charge for paying with refund?
It is the service charge of the third party processor who received the federal tax refund from the IRS then deducts the TurboTax account fees and their se...
data and analysis
Do employers pay for Aflac?
Aflac insurance policies can be obtained on an individual basis or made available by your employer. How much does Aflac cost our company? There are no dir...
health and wellbeing
When can medical expenses be deducted?
For tax returns filed in 2021, taxpayers can deduct qualified, unreimbursed medical expenses that are more than 7.5% of their 2020 adjusted gross income. ...
global affairs
Can you take home equity loan off your taxes?
The home mortgage interest deduction allows you to deduct interest paid on your home equity loan in a given year. The interest paid on up to $750,000 of t...
civics and society
Is it better to file single or divorced?
Divorced or separated taxpayers who qualify should file as a head of household instead of single because this status has several advantages: there’s a low...
news
Can you actually cancel free trials?
One way to avoid going past a subscription’s free trial period is to cancel right after signing up. You won’t have to worry about remembering to do it at ...
civics and society
When do you have to pay taxes on a mutual fund?
For any time during the year you bought or sold shares in a mutual fund, you must report the transaction on your tax return and pay tax on any gains and d...
news
Where do you report patronage dividends on Schedule F?
Per the IRS instructions, patronage dividends and other distributions in boxes 1, 2, 3, and 5 from a cooperative are reported on Schedule C, Schedule F, o...
science and technology
Can you still file a tax return for 2017?
You can still file your 2017 Tax Return to claim a Tax Refund. At this point, you can only prepare and mail in the paper 2017 Tax Forms to the IRS. eFile....