data and analysis
How do I know if I can deduct my health insurance premiums?
You can deduct your health insurance premiums—and other healthcare costs—if your expenses exceed 7.5% of your adjusted gross income (AGI). Self-employed i...
Category: Data And Analysis
data and analysis
How do you file taxes with a W2C?
If you have received a Form W-2C (a corrected W-2 form), you can still electronically file your return. Enter the information from your Form W-2C as a For...
data and analysis
How do you cancel an impression?
You may cancel at any time by emailing [email protected] Once canceled, your access will expire at the end of the paid term. You may opt-out of email...
data and analysis
Do I have to pay capital gains tax if I live abroad?
The only offshore tax tool which helps average Americans abroad is the Foreign Earned Income Exclusion. So, expats and those of us living and working abro...
data and analysis
Are state refunds taxable in 2018?
As in the past, state and local tax refunds are not subject to tax if a taxpayer chose the standard deduction for the year in which the tax was paid. The ...
data and analysis
Can I claim my children for the Earned Income Credit EIC but not as dependents so my ex spouse can claim them as dependents?
Your child must meet the age, relationship, and residency tests (see below). Your qualifying child cannot be used by more than one person to claim the EIC...
data and analysis
How long do you have to pay the IRS for short term payment plan?
Taxpayers who qualify for a short-term payment plan option may now have up to 180 days to resolve their tax liabilities instead of 120 days. The IRS is of...
data and analysis
Why does the new w4 not have allowances?
There Are No More Withholding “Allowances” If you claimed fewer allowances, more tax was withheld (so your paycheck shrank). The value of an allowance was...
data and analysis
When do you have to amend your 1040X tax return?
Your timetable on amending a return changes a bit, however, if you didn’t pay all the tax you owed with your original filing. If you filed and owed money,...
data and analysis
Is a bank statement weekly?
Benefits of a Bank Statement A bank statement is also referred to as an account statement. An account holder should verify their bank account on a regular...
data and analysis
How do I get my W-2 sent to my new address?
Call the employer and ask if the W-2 is available online, and how to get to it. Call the employer and ask them to send you a copy to your current address,...
data and analysis
Can pension distributions be rolled over?
Yes! According to IRS publication 575, if faced with a lump-sum distribution, you are able to roll over into a Traditional IRA or 401(k) and face no tax o...
data and analysis
Can you make money renting a car from LYFT?
How Much Can You Earn with a Lyft Rental? A full-time Lyft driver working 40 – 50 hours per week can expect to earn around $1,000 per week, before expense...