Rules for Claiming a Parent as a Dependent
This article is up to date and accounts for tax law changes for tax year 2023 (tax returns filed in 2024).
Some adults… Read more
Tax Life Events
Can You Get a Tax Refund on Unemployment?
If you are receiving unemployment compensation, it’s important to understand how it can affect your taxes. You may still… Read more
Capital Gains on Sale of a Home
The information in this article is up to date through tax year 2023 (taxes filed in 2024).
Did you sell your home this year?… Read more
5 Tax Tips for Newlyweds
Now that you are a married couple, your tax situation will be different. It’s best to prepare as early as possible.… Read more
Dual Income, No Kids: Tax Considerations for DINKs
“Dual income, no kids” (DINK) is a slang phrase/acronym that describes a household with two income earners and no children… Read more
Married Filing Separately Vs. Jointly: What’s Right For You?
Marriage comes with a lot of big decisions, and one of those choices includes choosing a new filing status. Some couples… Read more
Marriage Tax Penalty: Who’s Subject To It?
Tying the knot usually benefits the tax return of most Americans, as it enables you to file jointly with your spouse. But… Read more
Filing Taxes After a Name Change and How to Legally Update Your Name
Filing taxes after you’ve changed your name might bring up a lot of questions. If you’ve ever legally changed your name,… Read more
Calculating Adjusted Gross Income for Married Filing Jointly
What is Adjusted Gross Income?
Adjusted gross income (AGI) is your annual gross income minus certain tax deductions. Your… Read more
7 Major Life Events That Affect Your Taxes
Buying a home, having a baby, switching jobs, getting divorced, retiring and other life changes can affect your tax situation.… Read more