science and technology
Why would the Illinois Department of Revenue send me a letter?
The Illinois Department of Revenue (IDOR) sends letters and notices to request additional information and support for information you report on your tax r...
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health and wellbeing
Are all Social Security payments direct deposit?
Federal law mandates that all Federal benefit payments – including Social Security and Supplemental Security Income benefits – must be made electronically...
data and analysis
How do you file taxes if you lived in two states?
If both states collect income taxes and don’t have a reciprocity agreement, you’ll have to pay taxes on your earnings in both states: First, file a nonres...
science and technology
Are quarterly tax deadlines extended?
When Are Quarterly Taxes Due? The 2020 federal tax filing deadline delay until May 17, 2021, does not include an extension for estimated taxes. However, t...
science and technology
Is Social Security considered direct deposit?
Federal law mandates that all Federal benefit payments – including Social Security and Supplemental Security Income benefits – must be made electronically...
health and wellbeing
What would I get if I went on disability?
SSDI payments range on average between $800 and $1,800 per month. The maximum benefit you could receive in 2020 is $3,011 per month. The SSA has an online...
education and learning
Can a spouse sign an income tax return?
Filing an income tax return is rarely fun but it’s definitely easier when both spouses are present and willing to sign. Unfortunately, you may eventually ...
environment and climate
What do you mean by net proceeds from a sale?
Net proceeds are the amount the seller receives after all costs and expenses are deducted from the gross proceeds arising from the sale of an asset. Do yo...
health and wellbeing
Can my wife and I each collect your own Social Security?
No. Each spouse can claim their own retirement benefit based solely on their individual earnings history. You can both collect your full amounts at the sa...
data and analysis
Can I get Social Security if my husband is disabled?
When you start receiving Social Security retirement or disability benefits, other family members also may be eligible for payments. For example, we can pa...
civics and society
Are dorm expenses tax deductible?
Even though apartment rent or dorm fees are necessary expenses, the IRS does not consider rent as a qualified educational expense because students can use...
news
How much Social Security can I receive without paying taxes?
If you file as an individual, your Social Security is not taxable only if your total income for the year is below $25,000. Half of it is taxable if your i...
media and communication
Is Social Security part of your estate?
En español | Not in the long term — you can’t keep a deceased person’s retirement benefits flowing to an estate. But if a beneficiary dies before receivin...