Tax Credit Archives - Page 8 of 11 - FREE Yourself from IRS Problems

Shamsey Oloko May 16, 2016 Estate Tax, Gains & Losses, Interest Income, IRA, Roth Thrift Savings Plan, Tax Credit 0

Ways To Reduce Taxes In Retirement

Which retirement account, vehicle or venture is best? One thing is certain, diversity still carries the day when it comes to investments as different ones afford the most flexibility. The returns on different types of investments are treated differently by…

Shamsey Oloko March 28, 2016 Child and Dependent Care Credit, Child Support, Child Tax Credit, Filing Status, Income Tax, Representation, Tax Credit 0

Child and Dependent Care Credit Explained (26 U.S.C. §21)

Federal courts have long held that expenses incurred by taxpayers for the care of dependents, such as a daycare or babysitting expense, while the taxpayer is away from home and at work, are not deductible under I.R.C. § 162(a). However,…

Shamsey Oloko March 22, 2016 Capital Gains, Child and Dependent Care Credit, Child and Dependent Care Creidt, Child Support, Child Tax Credit, Deductions, Education 529 Plans, Education Tax Credit, Filing Status, Income Tax, Representation, Tax Credit 0

Who Claims The Kids On Their Taxes, And Other Ways Divorce May Affect Your Taxes

Divorcing couples often wonder who claims the children on their taxes, and in what other ways divorce will affect their taxes. Questions may include which filing status to use after the divorce, and how payments for spousal maintenance and child…