news
Is my stimulus check taxable income for 2020?
The stimulus money is not considered taxable income. The check will not increase the amount you owe when you file your 2020 federal tax return and will no...
Category: News
news
When do you need to file an income tax return?
1.2 FILING OF INCOME TAX RETURN Section 139(1) of the Income-tax Act, 1961 provides that every person whose total income during the previous year exceeded...
news
Do you report a dependents SSI?
How do I report these benefits? You aren’t taxed on Social Security Benefits for your Dependents. Since your child is the person with the legal right to r...
news
Is minimum wage enough for one person?
The minimum wage is the wage mandated by law, to keep employees above the poverty level in their area. However, the minimum wage is simply not enough to p...
news
When do I get my social security payment?
For others, we may issue your payments on the 3rd of each month. Among other reasons, we do this if: You live in a foreign country. Individuals who receiv...
news
Do college students who filed taxes get stimulus money?
Dependent Students In the latest stimulus, qualified independent students will receive their stimulus checks directly. A parent or guardian will receive a...
news
Can you claim someone on taxes if they get Social Security?
Claiming Social Security income and / or disability pay will not automatically make you ineligible for dependent status on a tax return. As long as you me...
news
How long after federal refund do you get state refund?
Generally, you can expect to receive your state tax refund within 30 days if you filed your tax return electronically. If you filed a paper tax return, it...
news
What are gross receipts in real estate?
Regarding rental properties, gross receipts refer to all monies you receive from tenants to pay for the space, utilities and services you provide under th...
news
What do I need to do with my Stimulus money?
If you were eligible for the two previous stimulus payments but didn’t receive one or both, or didn’t receive the entire amount, there is still time for y...
news
What happens to my disability if I get divorced?
If you receive Social Security Disability Insurance (SSDI, or SSD) based on your own work history, your payments will not be affected by your divorce beca...
news
Can you work two jobs without telling your employer?
Strictly speaking, if moonlighting isn’t prohibited, you don’t have to tell your employer about a second job, provided that the policy doesn’t require dis...
news
How long does federal taxes take after accepted?
If you file a complete and accurate paper tax return, your refund should be issued in about six to eight weeks from the date IRS receives your return. If ...