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Can You Claim an Adult Child as a Dependent on Your Taxes?

Whether you can claim an adult child as a dependent on your taxes depends on…

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Are Unemployment Benefits Taxable Income?

The IRS generally treats unemployment compensation as taxable income. If you don’t plan for this,…

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When Do You Owe Taxes Instead of Getting a Refund?

Whether you owe taxes or receive a refund comes down to how much tax was…

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When Are Capital Gains Taxes Due on Real Estate Sales?

Selling real estate can result in a significant profit, but it may also trigger capital…

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Standard Deduction for Dependents: Rules and Strategies

When it comes to taxes, dependents can affect your return in ways many families don’t…

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Standard Deduction for Married Filing Separately: Tax planning

Deciding how to file your taxes as a married couple can have a meaningful impact…

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Standard Deduction for a Widow Over 65: Rules and Strategies

The standard deduction for a widow over 65 can be higher than that of the…

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Cross-Border Tax Accountant: Services and Examples

When your financial life involves more than one country, taxes can get complex. This is…

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Dependent Care FSA: High Income Earners

For high-income earners, balancing a demanding career with the rising costs of childcare can quickly…

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Extra Standard Deduction for Seniors Over 65: Requirements

Turning 65 doesn’t just mark a milestone in life, it can also unlock valuable tax…

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