education and learning
Can you carry forward child care expenses?
As I mentioned any changes other then medical receipts or unused rrsps can be claimed carried forward, however for childcare it must be entered in the yea...
Category: Education And Learning
education and learning
Can the state take away your pension?
A state that treats pension benefits as contractual in nature is generally prohibited under the Contracts Clause of the U.S. Constitution from passing leg...
education and learning
How do I use TurboTax without Deluxe?
If you have not paid for or registered your TurboTax return then you can use the Clear and Start Over feature to downgrade. Select My Account, then click ...
education and learning
Can I pay my mom as a nanny?
Yes. But, if you claim the dependent care credit, she will have to claim the money as income and pay social security and medicare tax (15.3%), as well as ...
education and learning
Does IRS forgive debt?
Under certain circumstances, the IRS will forgive tax debt after 10 years. But that 10 year period may be longer than you expect, given lengthy suspension...
education and learning
Are Uber rides to work tax deductible?
Unfortunately, no. The IRS considers commuting costs — meaning costs you incur to get back & forth to work — as non-deductible. Are transportation cos...
education and learning
What is the recently passed SECURE Act?
As part of a larger government spending package signed into law on December 20, 2019, Congress included provisions from the Setting Every Community Up for...
education and learning
Can I deduct my portion of health insurance premiums?
Health insurance premiums can count as a tax-deductible medical expense (along with other out-of-pocket medical expenses) if you itemize your deductions. ...
education and learning
Can I claim 80D for in laws?
To avail tax benefits under section 80D, you parents-in-law must not be covered under any health insurance plan. If the disability is severe, your spouse ...
education and learning
Who is liable for New York City tax?
People, trusts, and estates must pay the New York City Personal Income Tax if they earn income in the City. The tax is collected by the New York State Dep...
education and learning
Can I make a payment to the IRS over the phone?
Taxpayers can also pay their taxes by debit or credit card online, by phone or with a mobile device. The IRS does not charge a fee, but convenience fees a...
education and learning
What does it cost to live in a mobile home park?
Secondly, how much does it cost to live in a mobile home park? In most states, you can expect to pay around $200-$300 per month. However, it depends on th...
education and learning
What are some costs of solar energy?
What range of costs should you expect to see in quotes for a solar panel system? Solar panel costs for a 10 kilowatt (kW) installation in the U.S. range f...