Taxpayer asks: My wife and I live in a single-family home that we own jointly. We are retired, and our income is from social security.
Read MoreCategory: families & tax
What You Need To Know About Taxes When Kids Play The Market
My kids play the market. Well, sort of. I wanted them to start learning about money—and yes, taxes—while they were young enough to make mistakes
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Where To Find Out More About The Advanced Child Tax Credit Payments
You’ve probably been hearing a lot about the advance child tax credit payments coming this summer. The credit isn’t new but rather an expansion of
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What You Need To Know About The 2021 Child Tax Credit
There are important tax changes coming this summer for families. Specifically, the child tax credit will enable families to get advanced payments. This is a
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Marriage, Money & Family Law: Tax Planning Following A Divorce
From Bill and Melinda Gates to Ben Affleck and J-Lo, we love the gossip surrounding celebrity weddings, almost weddings, and divorces. But often, the real-life
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Nanny Taxes: What To Know About Being A Household Employer
Even before Covid, many families already used nannies to help take care of their children and elderly relatives. Whether it’s the potential savings, uncertainty about
Read MoreWoman Calls Police On Ex For Tax Emergency
Imagine this: Your ex-spouse insists on claiming your child as a dependent without your consent. What do you do? A Princeville, Illinois, mom responded to
Read MoreAsk The Taxgirl: Splitting Up Household Expenses
It’s Ask The Taxgirl. Today’s question is whether shared expenses between spouses can result in taxable income.
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Dependents Can Change Your Tax Picture After Tax Reform
Parents like me could be in store for a surprise this year. The new tax law, the Tax Cuts and Jobs Act, has a few
Read MoreWhat The Child Tax Credit Looks Like After Tax Reform
Under the tax reform bill, the existing child tax credit has been expanded. Here’s what the new child tax credit – with a refundable portion – looks like and who can benefit.
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