When I did my taxes in Turbotax for 2013, Turbo tax asked if I had sold a home and I answered yes, but it didn’t appear anywhere in the tax forms . I walked away with $65,000 after paying off the mortgage. I was unemployed throughout 2014, but I did make $6,500 in charitable donations. I am single with no dependents, if that info is ...
While it doesn’t include federal income taxes paid, it does include the employer portion of Social Security and Medicare taxes on employee pay, as well as federal unemployment tax and certain state unemployment or disability taxes. Another important point for taxpayers who want to qualify as real estate professionals is to make sure ...
But if you’re preparing all of your tax stuff, you should know that the IRS has done away with the 1040A and 1040EZ forms, instead of creating a more streamlined Form 1040. Prior to the 2018 tax season, the 1040A and 1040EZ were options in lieu of 1040 for those with less than $100,000 of taxable income and fewer specifics to deal ...
When you file your taxes for 2017, you’ll be assessed a penalty if you didn’t have health insurance for the year. For this tax year, the fee is $695 per adult in your family or 2.5 percent of your household’s taxable income, whichever is greater. The fee increases with inflation each year, so you’ll likely pay more in ...
Do you know how lucky you are that you get to wake up at the sound of the alarm clock of your phone and not the 11 sound options that come from your roommate’s nose? Their constant snoring doesn’t stop for exams, assignments, the 10 minute nap you get before your assessments. Then again, their deviated septum isn’t your ...
Learn about our independent review process and partners in our advertiser disclosure. Prices, promotions, styles and availability may vary by store & online. We’ve tested some of the most widely used tax-preparation software packages to help you choose the one that’s right for you. No matter how you file, you can choose to ...