global affairs
Are continuing education expenses tax deductible in 2020?
How it works: You can deduct up to $4,000 from your gross income for money you spent on eligible education expenses in tax year 2020. These expenses inclu...
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science and technology
What does it mean when your amended return has been adjusted?
Did you mean: If you amended return has an adjusted status this means “The processing of your Form 1040X- Amended Tax Return resulted in an adjustment to ...
civics and society
Should I take standard deduction or itemize?
If the value of expenses that you can deduct is more than the standard deduction (in 2020 these are: $12,400 for single and married filing separately, $24...
news
How much is the third stimulus check worth?
The third stimulus check, which the IRS is still in the process of distributing, is worth up to $1,400 per person, although the eligibility requirements a...
health and wellbeing
Do all insurance plans have an out of pocket maximum?
Additionally, all health insurance plans are required to have an out-of-pocket maximum that limits the amount of money people spend out-of-pocket on medic...
global affairs
How do I deal with my 3 year old having twins?
Thriving with three-year-old-twins Choose your battles. Don’t always jump to meet their requests. Don’t be afraid to say no. Be firm, put your foot down a...
science and technology
Can You claim your ex wife as a dependent?
In 2015 my ex-wife lost her house and has been living with me ever since. We are not remarried and she has only a small SS income about $800.00 a month wi...
civics and society
When to use Form 1041 for estate tax?
The Form 1041 is used by estates and trusts to pay income tax on any income received by the estate. This is different than the estate tax return, which im...
global affairs
Can l1 visa holders get stimulus check?
H1B, L legal visa workers can receive IRS payment and it will not be considered a public charge by USCIS. In the first stimulus check, IRS said that spous...
environment and climate
Are international students eligible for stimulus check IRS?
F1 visa holders can be eligible to receive a stimulus check but only based on certain conditions. That being said, if you have no problem with any of thes...
health and wellbeing
What does processed mean on your tax return?
It simply means that your e-filed return is being processed and that the government hasn’t approved or rejected it yet. Sometimes return status does not u...
global affairs
Does SSDI last forever?
To put it in the simplest terms, Social Security Disability benefits can remain in effect for as long as you are disabled or until you reach the age of 65...
civics and society
How do I get a verification of non-filing of the IRS?
Available from the IRS by calling 1-800-908-9946. Non-filers can expect to receive a paper IRS Verification of Non-filing Letter at the address provided i...