Married & Filing Taxes

    Is It Better to File Taxes as Married or Single?

    Is It Better to File Taxes as Married or Single?

    Once you tie the knot, you are no longer eligible to choose “single” as your filing status. Married couples can choose to file jointly or separately. For the most ...

    Can I File IRS Taxes As a Single Person When I Am Married?

    Can I File IRS Taxes As a Single Person When I Am Married?

    Once you tie the knot, the IRS requires you to file as a married individual in most cases. Occasional exceptions allow you to file using a status such as "Head of ...

    How do I File Income Tax When Married?

    How do I File Income Tax When Married?

    According to H&R Block, married couples usually get the lowest tax rates by filing a joint return. The filing status of married filing jointly offers more tax breaks in the ...

    How to File Taxes When You Get Married

    How to File Taxes When You Get Married

    To file taxes jointly or single – that is the question. When you get married, there are many changes to make such as legally changing your name, merging bank accounts and ...

    More Married & Filing Taxes Picks

    Does a Person Need to Change W-4 After They Get Married?

    When you went to work for your employer you filled out a W-4 form, which let your payroll department know how the number of allowances your were claiming. This number has a direct ...

    Single Vs. Married When Filing for Taxes

    Tax filing is fairly similar for both married and single people, with several exceptions. Both single and married people will file either a 1040, 1040A or 1040EZ form, depending ...

    Can a Married Person File Single on Taxes?

    Some married people prefer to keep their finances separate from each other, particularly when it comes to filing taxes. If this sounds like you, you may want to know if you can ...

    How do I File Taxes When Married & Spouse Is Not Working?

    If your household produces just one income, you receive indirect benefits from the IRS. In effect, your standard deduction often goes when it reduces one income as opposed to two. ...

    Is Filing Federal Income Tax as Married Better Than Filing as a Single?

    When you sit down to figure your taxes, the first thing you’ll have to decide is your filing status. Legally, your marital status on Dec. 31 of the tax year determines your ...

    What Happens to Monies Forfeited in a Flexible Spending Account?

    A flexible spending account, or FSA, is a good way to save up cash for medical and childcare expenses. The money in the account is tax-free as long as it is used for an approved ...

    How to File a Tax Extenstion

    April 15 is the day by which taxpayers annually must square their tab with Uncle Sam. If you've been too busy (or forgetful, lazy or broke) to gather up your receipts and tax ...

    How to File Taxes on a New Home

    Including your new home on your tax return may not seem exciting, but there are several home expenses you pay regularly that are fully tax deductible. These deductions reduce your ...

    Mortgage Problems When Renting

    Even though you’ve harnessed all your resources and begun the American dream of owning your own home, any number of issues could require you to move. Whether the housing ...

    How Income Affects Taxes

    Generally speaking, the more money you make, the more you will owe in taxes. Because the U.S. tax code is complicated, there are many factors that will affect the amount of tax ...

    What Is Needed for Filing Taxes With Dependents?

    If you support anyone other than yourself and your spouse, the Internal Revenue Service might allow you to claim that person on your federal income tax return. There are many ...

    10 Tips You Must Read Before Filing Your Taxes

    Many people dread tax time and put off doing their taxes until the last minute. Others eagerly file as early as possible to put it behind them. Regardless of the group that ...

    What If I Messed Up Filing My Taxes?

    If preparing your own income taxes does not provide enough stress, discovering that you have made an error on your return is extremely nerve-racking. Each year, the Internal ...

    What Happens When Half the Year You Claim Single & Half the Year You Claim Married?

    Life changes, such as getting married or getting divorced, can occur at any time during the year. These changes significantly affect how your federal income taxes are determined. ...

    How to Know If You Have to File City Taxes

    You don't have to worry about city taxes in most parts of the country. About the only universal type of tax imposed in cities is sales tax, and that's usually collected by the ...

    How to File Income Taxes When One Moves

    Filing your taxes probably isn't at the top of your list of things to do when you are moving. However, there are a few things you need to know about tax filing after you move, ...

    Do All of My Tax Forms Have to Have My Married Name?

    You finally got around to tying the knot and now you have a new name. Whether you took your husband's name or have a hyphenated name, this is now your legal name and you have to ...

    An Unfiled Tax Survival Guide

    Next to getting shot at and missed, there is no experience quite as satisfying as getting an income tax refund, according to humorist, F. J. Raymond. Having a big tax bill staring ...

    Penalty for Failing to File Federal Income Tax

    Preparing and filing your income tax return is a chore. If you are like a lot of people, you’d probably like to forget the whole thing, or at least put it off. That’s ...

    How to File Taxes After a Chapter 11

    When you file Chapter 11 bankruptcy, you become two taxpayers. Everything you own at the time you file becomes the "bankruptcy estate." Legally, the estate is a separate ...

    How to Know If I Need to File State Taxes

    State taxes are as varied as the 50 states. All states collect taxes, but many are painless, like sales tax added to the price of things you buy so you don't have to do anything ...

    How to Split Money When You're Married

    To keep those "good vibrations" flowing, married couples need to discuss their finances openly. The best way to split your money in marriage depends on your relationship ...

    What Is a Tax Infraction?

    Many people dread doing their taxes, either because they're afraid of messing up or paying up. This is understandable, since tax laws are complicated and it's difficult to ...

    Do Married Couples Have to File Joint on State Taxes If They Filed Joint on Federal Taxes?

    Filing taxes doesn't get any easier when you're hitched. Your new marriage changes the filing status you can use when you prepare your federal and state returns. The "married ...

    Maximizing After-Tax Income

    While earning a higher salary is the first step toward increasing your income, what's important is what you keep, not what you earn. Strategic tax planning can reduce the amount ...

    Do I Need an Itemized List of Donations to File Taxes?

    Contributing to charity is a heartening way for Nesties to improve the lives of the less fortunate. The Internal Revenue Service rewards taxpayers who donate money or items to a ...

    Secrets When Filing Taxes

    Filing your annual income tax returns may seem like a relatively straightforward process, and it largely is. However, there are a few tips and tricks, or secrets, that an average ...

    The Advantages and Disadvantages of Doing Your Own Taxes Vs. Hiring a Professional

    The opportunity to do your own taxes has increased in the early 21st century thanks to the emergence and evolution of online tax software programs. However, before you dive into ...

    What Percentage of Federal Taxes Is Withheld From the Check if Filing Single?

    Each pay period, your employer withholds a part of your wages to cover your income tax bill. The amount of taxes that your employer withholds depends on your filing status, the ...

    How to Get a W2 From a Company That Is Not Around Anymore

    W-2 forms are essential to have on hand for income tax filing and loan applications. If you worked for a company that is no longer operating, it's best to still try and contact ...

    Do You Need to Work to File Taxes?

    Knocking down a big -- or little -- salary is not the only reason someone may need to file a tax return. If you've received income, you'll most likely need to file a return, even ...

    What Is a 1099 Form & Why Does Unemployment Ask If You Filed One on Your Taxes?

    If you lose your job through no fault of your own, you may be eligible for unemployment insurance benefits. Unemployment benefits provide temporary income while you are seeking ...

    If You Made Less Than $25,000 in One Year, Do You Have to File Taxes?

    As you get started in your working career, it is very important to know whether you should file an income tax return. Not everyone who earns money is required to file a return. ...

    What Brings Your AGI Down?

    Your adjusted gross income is your total income minus certain allowable deductions. If your AGI is too high, it may limit the amount of other tax benefits you receive. For ...

    How to File a 1099

    If you have an IRA, profit-sharing plan, pension or retirement plan with your employer, you’ll get a 1099-R as you ring in the new year. Your employer has to to report ...

    If My Husband and I File Taxes Separately Can He Still Claim Me?

    Choosing to file taxes separately comes with many disadvantages for you and your husband. There are exceptions, however, where filing taxes separately may work in your favor. Try ...

    The Advantages of Filing Non-itemized Taxes

    Nobody likes feeling left out. If you're not itemizing your deductions, you can feel like you're leaving money on the table when you file your taxes. However, for some people, not ...

    Tax Laws Regarding Money Won Playing Bingo

    Casual games of chance like Bingo are common pastimes, but they can also result in significant prizes of cash and property. If you are lucky enough to win at bingo, resist the ...

    Can I Claim My Brother-in-Law When I Am the Head of Household?

    The head of household filing status is available on federal tax returns and some state returns. Most states follow the Head of Household rules established by the Internal Revenue ...

    Taxation of Gain on the Sale of a House

    Your house might be the largest capital asset you'll ever own. And the profit you make on the sale of a house might be the biggest single chunk of money that ever drops into your ...

    How to File Taxes With a Spouse Who Owes Back Taxes Before You Were Married

    If your spouse has tax debt from before your marriage, the IRS may still take the whole refund to pay the taxes if you file a joint return for married couples. However, you're not ...

    Pay Procedures for the Pell Grant

    If you are working on your bachelor’s degree (or a post-baccalaureate teacher-certification program), you might qualify for a Pell Grant. This grant offers up to $5,550 per ...

    Basics for Tax Planning

    Filing an income tax return is usually not an enjoyable process, but it is can present an opportunity to get money back from the government. Many workers pay more in taxes during ...

    Tax Advantage of Homestead Exemption

    Most states offer some kind of homestead exemption for taxes. These basically reduce the taxable value of a home, or sometimes other property, when real estate taxes are applied. ...

    The Necessary Tax Documents for Filing

    Tax time is a stressful time for many people, often made even worse if you have to scramble around looking for the right forms before you can file. Knowing what you need before ...

    The Advantage of Filing a Personal Tax Exemption

    The Internal Revenue Service allows every person in the U.S. who files taxes to claim a personal exemption, which is the amount each individual taxpayer can deduct from gross ...

    How Do I Find My Employer's State Unemployment Tax Number So I Can File an Unemployment Claim?

    Unemployment benefits can help you keep your head above water if you lose your job. As long as you meet all the eligibility requirements of your specific state, including the ...

    What if I Missed a 1099?

    When you file taxes, you may have to report income from a 1099 form or several. The IRS uses 1099 forms for interest income, dividend income and self-employment income. There are ...

    Economics of Getting Married

    Getting hitched has enormous economic impact. While the so-called "marriage penalty" you incur when you file with the IRS is very real, other economic factors work out ...

    Can an IRS Auditor Show Up at Your House Without an Invitation?

    An Internal Revenue Service audit examines the accounts and financial information you use to prepare your federal income taxes. An IRS auditor won’t show up at your house ...

    Until What Age Can I Claim My Son on My Income Tax?

    Income taxes can take a big bite out of your annual earnings, but tax breaks for having kids can significantly reduce the amount you owe. According to the Internal Revenue ...

    Does Amending Taxes Red Flag Them for Audit?

    If you discover that you screwed up your federal income tax forms, you can fix them by filing an amended return. The IRS says you needn't worry if it's a simple math error or if ...

    How to File for Tax Forgiveness

    Death and taxes might be inevitable, but under certain circumstances, the Internal Revenue Service will forgive taxes. If an individual passes away during military service, ...

    What Is a VAT Code?

    The VAT (Value-Added Tax) code, or VAT number, is an alphanumeric code assigned to individual businesses in the European Union (EU), Australia and Japan. Governments use it to ...

    Can I File Taxes Without Mortgage Papers?

    Your home is a valuable asset when you figure your federal income tax each year. You can deduct the mortgage interest and property taxes you pay on your home from your income, ...

    Can I Get Money Back After Taxes if I Filed for Bankruptcy?

    Many couples depend on their tax refunds to help catch up on bills or fund vacations. If you file bankruptcy, though, you might be required to give a portion or all of your tax ...

    What Is a CPA Firm?

    A certified public accounting, or CPA, firm must include at least one certified public accountant, licensed in the state where the firm operates. Typically, a CPA firm consists of ...

    How to File Taxes After the Due Date

    If you can't make the April 15 deadline for federal income taxes, file as soon as possible, recommends the Internal Revenue Service. If you don't have the money you owe, apply for ...

    Can I File a W2 That I Forgot in the Next Year?

    Many people are so eager to file their tax returns that they do it before obtaining all necessary Forms W-2. These oversights are fairly common. The Internal Revenue Service ...

    Can I E-file if I Owe?

    If you are concerned about filing an electronic tax return because you owe the Internal Revenue Service money, relax. The IRS will be more than happy to accept your tax return -- ...

    Filing Income Tax on Non-spouse Joint Account

    Like secret agents in old spy movies, taxpayers are only numbers to the federal government. For example, the Internal Revenue Service only cares about the taxpayer number ...

    Can I Claim Myself on My Federal Taxes?

    All income that is not specifically exempted by law from taxation is subject to federal income taxes, regardless of your age, dependency or marital status. How much of your income ...

    How to Reduce Personal Income Tax Liability

    Paying taxes is inevitable if you work and even if you collect Social Security disability or unemployment. A number of credits are available to reduce your tax burden, however. ...

    How Can I Track Down My State Refund?

    Various problems might keep your state tax refund from getting into your bank account. There could be a problem with your return, or the state may just be slow to process its ...

    How to File Taxes if One Just Got Married

    Getting married brings about many life changes. For some, it brings a new name, a new house or a new baby. But, for all married couples, one thing is a given – a new tax ...

    Why Aren't They Taking Out Enough Federal Taxes from My Paycheck?

    Federal withholding refers to the federal income tax and Social Security and Medicare taxes your employer is supposed to take out of your earnings. If enough federal taxes are not ...

    What Happens If I Have Not Filed My Taxes in Two Years?

    Failing to file a federal income tax return for two consecutive years can result in a wave of penalties, interest, substitute tax returns and headaches. If the Internal Revenue ...

    Tax Preparation Checklist for a Homeowner

    There are many tax deductions and credits that homeowners may qualify for each year when they file their income taxes. However, to claim these deductions and credits, homeowners ...

    What Information Do I Need to File My Taxes?

    Tying the knot increases the complexity of filing your tax returns. Marriage can change your tax liability and may bring new tax considerations, such as child care expenses, ...

    How to Find My PIN Number to File Taxes

    Filing your income taxes online has significant benefits – especially if you’re still recovering from major wedding festivities and you need your refund fast. In fact, ...

    How to Change My Tax Refund Payment Method

    Once you get married, you’ll have lots of changes to implement when it’s time to file taxes as a married couple. Filing your income tax return electronically gives you ...

    Does Everybody Have to File Taxes?

    The Internal Revenue Service sets down the rules for filing tax returns and paying federal income taxes. The amount you owe depends on your income level and filing status. The ...

    How to Calculate the Late Penalty for Filing Taxes

    April 15 is one of the least popular days of the year. The Internal Revenue Service knows this, but it's also fairly lenient if you haven't gotten your act together and need to ...

    What To Do If You Forgot to File Taxes?

    You have a busy life — sometimes, even very important tasks can slip through the cracks. If one of those important tasks was your tax return for this year or a previous ...

    How to File Taxes for Babysitting

    As a responsible parent, you want to teach your kids the value of honest work. You might even pay your children an allowance for performing household chores, such as babysitting ...

    Do I Have to File Taxes if I Only Made $1,000?

    Preparing and filing your tax return is a chore, but it’s necessary to figure out how much you owe the Internal Revenue Service or if you get a refund. If you only make ...

    Minimum Income Required to File Federal Taxes

    Filing a federal tax return is a task that many people put off until the last minute, but some people don't have to file tax returns at all. The Internal Revenue Service places ...

    How to File Taxes When Working Out of State

    If you live in one state and work in another, you may have to make out three sets of income-tax forms: One for the IRS, and one for each of the state governments. States that ...

    Do I Have to File Taxes If Someone Else Claims Me?

    You don't have to be a child or an invalid relative to be claimed on someone else's taxes. While it's true that the young and the elderly are normally associated with dependent ...

    What Papers Do I Need to File My Taxes?

    Filing your federal income tax return might be simple, or it might be complex, depending on your financial situation. Either way, it will be easier if you have all your tax ...

    How to File Taxes When Paid Cash

    When you make cash instead of W-2 earnings, you need to pay self-employment taxes on that money, which covers your Social Security and Medicare taxes. Your federal and state tax ...

    How Long Do You Have to File if the Government Owes You Taxes?

    If you're getting a tax refund from the government, you don't have to worry about filing a few months late. When you owe money and file late, the IRS charges interest on your tax ...

    Do I Have to File Taxes If I Don't Work?

    When you don’t work, it can be for a number of reasons. You might stay home to care for children while your spouse works or you may be a student. Less happily, you might ...

    Can Taxes Be Filed As Married Filing Separately Without a Separation Agreement?

    Filing separate tax returns doesn't require living separate lives. Once you're married, you and your spouse can file separate tax returns whether you're together or apart. If for ...

    What Is Tax Form 1099-G?

    The Internal Revenue Service requires business entities, government agencies and others to provide taxpayers with proper forms reporting financial transactions. The IRS uses an ...

    Do I Need to File a Tax Extension If I Don't Owe?

    If your income exceeds a certain level -- which varies based on such factors as your age, filing status and the type of income you receive -- you are required to file a federal ...

    How to Find Out If Someone Claimed You as a Dependent for Taxes

    When you file income taxes, claiming yourself will allow you an exemption, which reduces your gross income and decreases your income tax. If someone can claim you as a dependent, ...

    How Much Do You Need to Make to File Taxes?

    There’s actually no minimum amount you have to make to file a tax return. Sometimes people file just because they can get money back. But the IRS does have rules that state ...

    IRS 1099 Guidelines

    The Internal Revenue Service series of 1099 information returns report income earned by an individual outside of a payroll job. For most young adults and couples, the 1099-MISC is ...

    Do People Have to File If They Do Not Owe Taxes?

    You may have to mail in a 1040 form even if you don't owe the government any money. The issue for the IRS isn't how much you owe, but how much you earn: Everyone above a certain ...

    Can Two People Not Married File Taxes Together?

    When you file your annual tax return, you must indicate your filing status to the Internal Revenue Service. Tax rates vary with marital status; those who file as single generally ...

    Who Must File Income Taxes with the IRS?

    The Internal Revenue Service guidelines on who must file a federal income tax return center on income. If your gross income level reaches a certain threshold, you must file a tax ...

    How to File Taxes With 401(k) Distributions

    In addition to possible matching contributions from your employer, a 401(k) offers you the chance to make tax-deductible contributions and earn tax-deferred income for retirement. ...

    How to File an Amended Tax Return from Head of Household to Married Filling Separately

    When you file your income taxes, your filing status determines many factors, such as your standard deduction and your tax rate. Although married taxpayers are generally required ...

    The Best Tax Form for Married People With No Dependents

    A married couple with no dependents may file their federal taxes using any one of several forms. While it can be difficult to decide which form to use, some couples may find ...

    Benefits & Disadvantages of Filing Your Taxes Electronically

    The IRS encourages taxpayers to file tax returns electronically, whether you do your taxes yourself or pay someone to figure them for you. You can send your taxes via the ...

    Can I Get the Earned Income Credit With a Dependent if I Didn't Work?

    The earned income tax credit, commonly referred to as the EITC, is a refundable tax credit designed to benefit workers with low or moderate incomes. It could put up to $5,891 back ...

    Do I Need to File Taxes If I Was Unemployed?

    In most cases, you need to file a tax return whether you were unemployed for only part of the year or the entire year. Although you weren’t working, the IRS considers ...

    Things Couples Should Know About Taxes

    Living together with your significant other can offer several money-saving advantages. You can split the bills with your partner, cut-down on travel expenses and reduce your ...

    Taxes in Pennsylvania

    You don't hear much about people moving to Pennsylvania for tax breaks, but that is one of its selling points. As of 2012, Pennsylvania's state tax rate was one of the lowest in ...

    How to Find Out What Tax Bracket I Am In

    The American federal income tax system is graduated, meaning those with higher taxable incomes pay a higher tax rate than lower-income individuals. To determine your tax bracket, ...

    How to File Taxes on a 401(k) Early Withdrawal

    The laws that established 401(k) retirement accounts sought to preserve the funds in those accounts for retirement. You can withdraw money from your account without penalty once ...

    About Tax Refunds

    There is one good thing to say about doing taxes: if you have a refund coming, it makes all that paperwork and time a little less painful. Refunds come in all sizes, and the meat ...

    Things Landlords Should Know About Taxes

    When you become a landlord, you not only get additional income, but you'll also get several tax breaks for write-offs you can't take for your own residence. But being a landlord ...

    Items Needed for Filing Income Tax

    Income tax returns are a part of life for most people, and getting the right documents in order can seem daunting. Keeping track of tax-deductible items like charitable ...

    What Happens When You Die & Owe Taxes?

    Even in death, you have to pay the taxman. When you die, any cash and assets that don't go to a named beneficiary -- such as life insurance policies or payable-on-death accounts ...

    Things You Need to Know About the IRS

    Some of the things we fear the most are the things we aren’t sure about. When it comes to taxes and the Internal Revenue Service, it’s common for people to worry about ...

    How to Recover a Tax E-File Pin

    Almost no one enjoys filing tax returns, but at least e-filing makes it convenient. All you need for that is a personal identification number, or PIN, but losing track of that ...

    Things To Know When You File Taxes as Married Filing Jointly

    The Internal Revenue Service gives married couples two options -- they can file jointly or file separately. Filing separately divides the income and makes each taxpayer ...

    Things Sole Proprietors Should Know About Taxes

    As a sole proprietor, you work for yourself and handle the business -- usually by yourself. Sole proprietors make up for approximately 73 percent of all businesses in the United ...

    Can Georgia Charge Income Taxes on Income From Florida?

    If you make your money in the same state you live in, paying state income tax is pretty simple. It gets more complicated if you work across state lines: states that charge income ...

    What Happens If You File Separate Federal Tax Returns When Married?

    Being married doesn’t mean you have to do everything together, and that includes filing your taxes. As a married couple, you have the option of choose a filing status of ...

    How to Estimate State & Local Taxes for Tax Filing

    Whether you have to pay estimated taxes quarterly or not, it's good practice to get an idea of your state and local tax liability. Keeping tabs on how much you owe can help inform ...

    Pennsylvania Tax FAQs

    Pennsylvania is named for its founder, William Penn, and the name means "Penn's woods." If you live or work in Pennsylvania, when payday arrives, the serenity of nature ...

    I Accidentally Forgot the 1099 When Filing My Taxes

    You do not have to submit a paper copy of your 1099 to the IRS, but you do have to report the income listed on it. Although you're sometimes required to submit a paper copy of ...

    Some Financial Facts About Living in Texas

    The saying "everything's bigger in Texas" might be humorous, but to some extent, it's true. As the second largest state in the U.S., Texas offers an unparalleled array ...

    Marriage, Parents and Income Taxes

    Everything changes when you say, "I do," including your tax situation. There are plenty of things that will need your attention, from updating your W-4 at work to your ...

    Are There Time Limits to File a 1040X for a Particular Tax Year?

    You thought you did everything right when you filed your federal tax return. However, later on you discovered you needed to use IRS Form 1040X to make changes, but didn’t ...

    Can Apartment Renters File Head of Household?

    Where you live doesn't have anything to do with whether you can claim head of household filing status – as long as you're the one principally supporting the residence. Even ...

    Can I Get My Overpaid Property Taxes Back?

    On average, local governments assess the value of houses and land every two to three years, and according to Kiplinger magazine, 60 percent of properties are taxed too high. If ...

    How Much Money Does an Independent Contractor Have to Earn Before He Has to Pay Income Tax?

    As an independent contractor, you have to file a tax return any time your net self-employment earnings top $400. You pay Social Security and Medicare taxes any time you make a ...

    When Do You Have to Marry to Be Considered Married by IRS?

    Your marital status can make a big difference at tax time. Although it doesn't affect your standard deduction – the deduction for married couples filing jointly is exactly ...

    Does Being Married Keep You from Paying More Taxes from Your Check?

    The United States federal income tax is a pay-as-you-go system. Even though you only have to file your tax return once a year, your employer has to withhold income tax from your ...

    How to Fill Out a W4 When Filing Taxes Together as Married

    After you get married, lots of things change, and the W-4 that you submit to your employer probably isn't high on your to-do list. However, not updating your W-4, or not correctly ...

    Tax Cuts for Filing Married

    While filing a joint tax return makes both you and your other half responsible for any tax due, filing jointly generally also offers a lower tax rate. Filing a joint return could ...

    Tax Benefits that Married People Can Claim

    Getting married means a lot of excitement and big changes for you and your partner. For most people, marriage entails a lot of benefits not available to single people. You not ...

    IRS Income Tax Underpayment Penalty

    The penalties for paying less than you owe on your federal tax returns usually costs a lot more than the actual taxes due, so it's wise to avoid underpaying. If you've ...

    Federal Tax Rates for Filing Married

    If you tie the knot by 11:59 p.m. Dec. 31, you might be married for only one minute of that year. But that's all it takes, as far as the Internal Revenue Service is concerned. If ...

    When Are You Exempt From Filing Taxes?

    They say taxes are inevitable. But filing a return can sometimes be avoided. The Internal Revenue Service sets tax-filing income thresholds that are routinely revised. The ...

    How to File Taxes As a Consultant

    If you're a consultant, you probably have several clients you bill -- and don't receive a payroll check unless you also have a salaried position. While no money is deducted from ...

    How to File Taxes With No Income

    If you have no income, you typically aren't required to file a tax return. But many people choose to do so anyway. You may need to file a return to qualify for federal financial ...

    Tax Filing for a Revocable Trust

    The Internal Revenue Service covers all its bases when it comes to collecting from taxpayers. It takes its share when you earn money, and it often takes a percentage when you give ...

    Can an Individual Taxpayer Identification Number (ITIN) Be Used for Filing Taxes?

    The Internal Revenue Service issues some taxpayers an Individual Taxpayer Identification Number (ITIN). While both an ITIN and a Social Security Number are used to identify a ...

    The Average Cost of Getting Taxes Done

    The cost of tax preparation can add insult to the injury of forking over checks to Uncle Sam. A number of factors, including your geographic location, the complexity of your ...

    Can My Husband Use My Name on Taxes?

    You might share a lot of things when you are married, including your federal income tax obligations, but that doesn't mean you have to. The Internal Revenue Service gives you a ...

    What Are the Defined Tax Brackets?

    The American Taxpayer Relief Act of 2012 created seven tax brackets with tax rates of 10 percent, 15 percent, 25 percent, 28 percent, 33 percent, 35 percent and 39.6 percent. Each ...

    How to Fill Out Form 8880 on Income Tax

    If you are eligible to claim the Retirement Savings Contribution Credit, or RSCC, on your tax return, Form 8880 is the paperwork you need to do it. The RSCC allows lower-income ...

    How to File Taxes for Bond Coupons

    For most investors, the main reason to buy a bond is to earn income. Bonds traditionally pay interest at least twice per year, although some pay quarterly or monthly. The rate of ...

    How to File Selling Tax-Exempt Bonds

    When you buy tax-exempt bonds -- also known as municipal bonds -- you typically purchase them from state and local governments to fund government projects. The interest you earn ...

    How to File Income Tax When You Were on Workers' Compensation All Year

    Any change in your income can impact your income tax return since the IRS taxes different types of income at different rates. The most important thing to determine when assessing ...

    Do You File the Deceased Person's Back Taxes Before You File the State Inheritance Tax?

    If you're named as the personal representative of an estate, you are responsible for filing the decedent’s back tax returns in addition to the current income tax return. If ...

    Do You Claim Dividends Paid on Checking Accounts in a Tax Filing?

    A number of financial accounts generate interest or dividend income on your savings while giving you easy access to your money through check-writing. The Internal Revenue Service ...

    Does a Tennessee Resident Pay Georgia Taxes?

    If you are a Tennessee resident, you may owe Georgia income taxes if you lived part of the year in Georgia or if you earned income from a Georgia company. Of course, you also pay ...

    What Is a CEMA Mortgage?

    The whole point of a home refinance is to help you save money in the long run, so it only stands to reason that you’d be just as interested in saving cash on the front end ...

    Does a Full-Time Student Get More Money Filing Income Tax?

    Every penny counts when you’re a full-time student, but that designation alone isn’t enough to ensure that you’ll get a refund when you file income taxes. ...

    The Responsibilities of Successor Trustees in Filing Taxes

    A successor trustee is something like a backup quarterback or an understudy on Broadway. Under normal circumstances, he doesn't act or take on any responsibilities at all – ...

    Cut Off Date for Making Contributions to 401(k)

    Contributing to a 401(k) account can be one of the easiest ways to save for retirement. The automatic contributions that go straight from your paycheck to your retirement account ...

    How Long Do I Have to File an Addendum to My Taxes?

    It’s no fun to have to go back and fix mistakes after you’ve filed your tax return. The good news is that the Internal Revenue Service lets you file an addendum called ...

    Can an Illegal Alien That's Married to a U.S. Citizen File Taxes?

    The Internal Revenue Service collects taxes on the basis of residency, not immigration or marital status. The rules on your taxpayer status distinguish only between U.S. residents ...

    About Early Filing Income Tax Loans

    Early filing income tax loans, also known as refund anticipation loans, allow you to take an advance against your expected income tax refund. This is typically a short-term loan ...

    How to Report Commission Income

    Your commissions can make up all or part of your compensation package. Because commission is taxable, it must be reported to the Internal Revenue Service. How it’s reported ...

    How to File Your Taxes If You Are a Missionary

    Even if you live out of the country seeking converts, as long as you remain a citizen of the United States you must file your taxes. Missionaries typically file their taxes as ...

    What Is the Free File Alliance (FFA)?

    Preparing and filing your taxes each year probably isn’t your favorite chore, but it doesn’t have to be expensive. The Free File Alliance is an online service that ...

    Who Has to File a 1041?

    When a taxpayer dies, his property isn't always distributed directly to his heirs; the process also may take a long time as these undistributed assets are held in a trust on ...

    Foreign Earned Income Tax Form Rules

    U.S. residents must report all income earned during the tax year, even if the money was earned while working in a foreign country. Filing a return is required even if you have no ...

    Do I Need to Claim My GI Bill When Filing Taxes?

    If your military service entitles you to benefits under the GI Bill, you're in luck. The bill pays 36 months of full tuition and fees at private schools in your state, and partial ...

    How Long Can an Applied Refund Be Left With the IRS?

    If the Internal Revenue Service owes you a refund, you might procrastinate on filing your taxes because you know you won't have to face late payment penalties. But the IRS won't ...

    How to File Your Federal Taxes If You Can Be Claimed As a Dependent by Another Person

    If someone else is claiming you as a dependent on their tax return, you aren't completely off the hook for filing federal taxes. Depending on your situation, you may still have to ...

    Do You File State Income Taxes in Every State Where You Work?

    After you've filed your federal taxes, it's time to move on to your state return, and if you lived or worked in multiple states you may have to file multiple returns. Each state ...

    How to Calculate My Gross Income for Michigan Unemployment

    To qualify for unemployment benefits in Michigan, you must be unemployed, physically and mentally capable of full-time employment, ready and willing to work a suitable full-time ...

    Income Tax Exclusion for Military When Filing

    Service in the armed forces brings a few tax breaks, including an exclusion for combat pay from your gross income. Of course, there are a few rules and regulations, and the IRS ...

    Passive Activity and Trusts

    Passive investments are investments in which you don't actively participate, such as becoming a limited partner in a partnership, for instance, or renting out property. In 2013, ...

    Is Direct Deposit Free of Charge When Filing Income Taxes?

    When you file your federal income taxes, you have the option to have your refund directly deposited into your checking or savings account at no additional charge. As long as you ...

    Which Form to Use to File Federal Taxes for Self Employment Income Under $5,000

    If your self-employment income is less than $5,000 for the year, you still have to report it on your federal taxes. The tax treatment of employment and self-employment income is ...

    Do We Have to Pay Federal Income Tax When We Give Gifts to Relatives?

    Whether you can't stand to see your relatives stuck in a financial rut or you just want to share some of your personal wealth, the IRS might rain on your parade of gifts if you ...

    How to File Your Taxes When Married But Your Spouse Has Moved Out

    The big question when picking your filing status is whether you're married in the eyes of the IRS. Even if you and your spouse live apart, if you're married on Dec. 31, you're ...

    Can More Than One Person Claim Head of Household?

    If you’re looking to boost your standard deduction and get a bigger tax refund, filing as head of household can lower how much tax you pay. Since you must pay more than half ...

    How to File Federal Income Tax If One Spouse Doesn't Have a SSN

    The federal government collects taxes to enable it to function -- pay its bills and provide services to the public. The Internal Revenue Service is the agency tasked with tax ...

    What Happens if I File a Tax Return as Married & Filing Jointly but Forgot to File My Spouse's W-2?

    When you file jointly, especially when you're not used to having a second person's income to include, you might overlook your spouse's W-2. However, the Internal Revenue Service ...

    List of Things You Can Claim on Your Taxes for Dependents

    The IRS doesn't tax you on all of your income. Instead, it allows you to reduce the income on which you pay taxes for any number of reasons. One of the many ways to reduce your ...

    How to File an Income Tax Amendment

    Even with the most careful preparation, the best of us can make a mistake filing our taxes. Whether it's missing out on a deduction that you're entitled to or forgetting to ...

    Does My Elderly Mom Need to File Taxes if She Had IRA Income?

    When it comes to taxes, the Internal Revenue Service doesn't discriminate based on age. Whether you're two or 102, if you have enough taxable income, the IRS expects to see a tax ...

    Is There an Age Limit to Free Electronic Income Tax Filing?

    The IRS Free File program does not have an age limit for filers. According to the IRS website, Free File limits users to those who made $58,000 or less in adjusted gross income ...

    Can I Claim Head of Household if I am Getting a Divorce & Living With My Parents?

    Going through a divorce is hard enough without adding the complication of how that changes how you'll file you income taxes. Filing income taxes using the head of household status ...

    Penalties for Amending Taxes & Owing

    People make honest mistakes on their tax returns all the time, which is why the Internal Revenue Service accepts amended returns. Amending your taxes doesn't automatically mean ...

    Can You Still File Taxes as Married if You Were Divorced for Less Than Six Months of the Year?

    So the unimaginable has happened to you: you and your spouse have divorced. Tax time is just around the corner, and the financial implications of your new marital status are ...

    Income Tax Filing Requirement for an Independent Contractor

    If you make a living as an independent contractor, the Internal Revenue Service treats your earnings as self-employment income. As a result, you're subject to the same tax filing ...

    Why Does My Refund Date Keep Changing at the IRS?

    The Internal Revenue Service processes more than 100 million tax returns each year and refunds overpaid taxes to more than 75 percent of filers. On its website, the agency ...

    Do I Have to File When I Didn't Work & I Got a Pell Grant?

    Pell grants provide financial aid that doesn't need to be paid back for higher education expenses based on need. These grants count as scholarships for tax purposes, which means ...

    Is Workers' Compensation Considered Income When Filing Taxes?

    Workers' compensation -- also referred to as workman's comp -- is paid to an employee who becomes sick or injured on the job and is consequently unable to work. Employers are ...

    How to Borrow Against an IRS Refund

    For some taxpayers, the government holds onto their tax overpayments and refunds longer than they can afford. If you need the money now, you might not be able to wait any longer ...

    What Is the Earliest Date a Person Can E-File Their Income Taxes?

    The earliest date a person can e-file their income taxes changes each year, but is typically during the third week of January. The Internal Revenue System occasionally pushes the ...

    Are Dental Expenses Considered Medical Expenses When Filing Income Taxes?

    When filing your income taxes, the Internal Revenue Service lets you deduct certain medical expenses on Schedule A. This deduction also covers various dental expenses, which are ...

    Do You Have to File Income Taxes if You Draw Workers' Comp?

    Workers' compensation protects both workers and their employers. In exchange for benefits they receive in case of an on-the-job injury, workers are barred from suing their ...

    When Does It Make Sense for Married to File Taxes Separately?

    Though you share a lot after tying the knot, whether you begin sharing tax returns is still your call. The tax code gives married couples the option of filing a joint return or ...

    Do You Need to File Taxes on Inherited Property?

    Taxes are often the last thing on your mind when it comes to inheritance because you've lost someone you cared about. You aren't required to file a federal tax return just because ...

    How Do I File My Taxes If I Got Married & Moved to Another State?

    You've gone through two major life changes in the past year: getting hitched and moving to a different state. When tax time rolls around, you'll want to know how each of these ...

    Must a Child File a Federal Tax Form for an Inheritance?

    Just inheriting money won't require a child to file any federal income tax forms. However, depending on the type of investment and how it is handled after it is inherited, the ...

    Does Anyone That Receives Financial Aid Have to File Income Taxes?

    The Free Application for Federal Student Aid is the form you fill out to receive federal financial student aid. Money you receive as a consequence of your FAFSA application may be ...

    How Do I File Income Tax if I Was Divorced in October?

    When you get a divorce, you may believe that you and your former spouse can still file your final tax return as married filing jointly or married filing separately. Under Internal ...

    Can I File Head of Household if My Ex-Spouse Claims Children as Dependents?

    One of the most perplexing income tax rules is the head of household filing status. To claim head of household status, you must satisfy three conditions. None of the requirements ...

    Can a Married Man File Taxes With Another Woman?

    If you're married, you have only two filing options when it comes to your taxes: file a joint return with the person you're legally married to, or use the married filing ...

    Regarding Capital Gains for Filing Taxes for the Newly Married

    Getting hitched changes everything, including your capital gains taxes. When you sell assets -- stocks, bonds, real estate, art -- your capital gain is the difference between the ...

    Early Withdrawals From a 403(b) Plan

    When it comes to 403(b) plans, an early withdrawal means any distribution taken before you turn 59 1/2 years old. In addition to setting back your retirement savings, early 403(b) ...

    Limitations to IRS Deductions & Credits

    Tax credits and deductions mean a lower tax bill for you, but the Internal Revenue Service limits the amount of deductions or credits you can claim. In some cases, the limitations ...

    Can a Married Couple Both Claim Head of Household If They File Taxes Separately?

    Few terms used by the Internal Revenue Service are more confusing than “head of household.” This is a special tax filing status that gives unmarried individuals a ...

    Can I File My Income Tax Electronically If I Owe From a Previous Year?

    In 2013 Americans submitted a total of 134.3 million tax returns to the Internal Revenue Service, of which 114 million were filed electronically. Regardless of the state of your ...

    Can I Claim Head of Household If I Don't Have a Child Deduction?

    The requirements surrounding head of household filing status easily confuse taxpayers. A swirling medley of potential circumstances for head of household may affect your filing ...

    Who Can Be Used for Dependents in Filing Income Taxes?

    In 2014, every dependent you claim provides a $3,950 dependent exemption on your tax return. This means you can subtract $3,950 from your gross income for each dependent you ...

    Do I Have to File an Income Tax Form If I Taught English in Another Country?

    If you're a United States citizen or resident alien who wants to earn a living while you expand your exposure to other languages and cultures, teaching abroad can provide ...

    Can I Claim Head of Household if I Supported My Husband All Year?

    Financially supporting someone other than yourself is one of the three conditions of using the head of household filing status. But when that other person is your husband, it can ...

    How to Start Paying Estimated Taxes to the IRS

    Not everyone pays their federal taxes through deductions from paychecks. You might be self-employed or get a lot of your income from interest, dividends, capital gains or alimony. ...

    If a Man & Woman Live Together With Kids But Not Married Can the Man Claim the Woman on Taxes?

    When a man and a woman live together, but aren't married, it's possible for him to claim her as a dependent on his tax return. He may even be able to claim dependency exemptions ...

    Can You Claim Head of Household While Your Spouse Is Collecting Unemployment?

    When you're married, the Internal Revenue Service lets you choose between filing jointly with your spouse and using the married filing separately status. The fact that your spouse ...

    Tax Implications If I Win the Lottery

    As a lottery winner, one of the big questions is whether to take the lump-sum option or multiple annual payments. Your choice will have some tax implications, since all lottery ...

    How Do We File Taxes for a Living Trust That Has Been Maintained After Our Mother's Death?

    A living trust doesn't die when its owner does. Once the grantor, or trust creator, dies, a successor trustee takes control of the assets. The successor runs the trust according ...

    I'm the Head of Household: Can I Still Claim My Child as an Exemption?

    To file as a head of household for Internal Revenue Service tax purposes, you must have a qualifying child -- or another qualifying relative -- living with you. If you can claim ...