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Ask The Taxgirl: Qualifying Wages For Making Work Pay Credit
Taxpayer asks: My daughter only made $3,900.00 this year, then was laid off… She only worked for one employer.. so is she illegible for the Work Pay Credit… it comes to about $252.00 which would help her out considerably, because she is only getting back $116.57. She is in her thirties with no dependents. Taxgirl…
The Working Mom Debate Isn’t About Kids, It’s About Money
I was finishing up with a colleague at the office when I saw my cell phone light up. It wasn’t a number that I recognized so I let it go. The office phone rang a few minutes later and my assistant advised that it was the school. Of course, it was. It was a dental…
Answers To Your Stimulus Check Questions
(Updated: April 20, 2020) Last month, I wrote a primer on stimulus checks, and I’ve been updating it as I field your questions: thanks for asking! I thought it might be helpful to tackle some of the most commonly asked questions in a separate article. Here’s what you’ve been asking – along with my answers – regarding…
Taxes From A To Z: G Is For Golden Parachutes
I know. This sounds like something that Michael Kors might be putting out. Unfortunately, golden parachute payments have nothing to do with the world of fashion – but don’t stop reading yet! This is some interesting stuff… A golden parachute payment is an amount of money agreed upon in advance – and written into a…
Trump Says No To Presidential Salary: Could You Decline Your Pay & Cut Your Tax Bill?
President-elect Donald Trump has said he won’t pocket his presidential salary. How much is he giving up? And could you do the same and save on taxes?
Ask The Taxgirl: Should Those Affected By AMT Patch File Now Or Later?
Taxpayer asks: Hi Taxgirl, I’m helping a non-profit run its VITA program this year. I just found out today that due to late passage of the AMT patch, taxpayers trying to claim ed credits won’t be able to file until the Service fixes its computers. The target date for that is Feb. 11. Do you…
