Can I Deduct Cash Put Into the Collection Plate at Church?
At first blush, the answer to the question posed in the title of this post would seem to be yes. Unfortunately, the answer is actually “no.”
At first blush, the answer to the question posed in the title of this post would seem to be yes. Unfortunately, the answer is actually “no.”
If your ex won’t sign Form 8332 to let you claim the kids, you don’t have a lot of good options.
What are “excess Social Security taxes” and how do some taxpayers get a refund of those taxes? Let’s take a look.
This 13th post about the history of marriage in the tax code pulls together the previous 12 parts in one place, with links below.
Form 8283 is used to report non-cash charitable donations over $500.
In tax terminology, the phrase “tax benefit rule” refers to whether or not a refund or recovery received in a future year is taxable. For example, whether or not a state income tax refund is taxable on your federal return depends on the “tax benefit rule.”
Here’s a sample of questions my clients commonly have about retirement plan rollovers.
Let’s look at things that could be considered “hidden” marriage penalties.
The tax reform of 1986 eliminated the marriage penalty at the lower income levels. The marriage penalty did still exist, but only at higher income levels.
With a Form 8332, the non-custodial parent can claim the dependency exemption for the child and also claim the child tax credit.