When tax season comes around once again, with the sight of all those forms to contend with, the last thing you want to be thinking about is whether you need to file any forms if you receive benefits from Supplemental Security Income. You might receive this as part of the social security disability insurance if…
Can You Claim Rent On Your Taxes?
During tax season, it can seem daunting to bring together all expenses and income, and if you’ve got to this step, then great. But what about other costs, or incomes, like rent from a property? Whether you’re a renter or a landlord, you might get waves of information, and it still doesn’t answer your questions…
Can Both Parents Claim Child On Taxes?
If a family has split, and there is either joint custody or the child/ren spend part of each week with one parent and part with another, then it stands to reason that both parents may be interested in claiming a child when they are filing their tax return. But before you go ahead and try…
Are HOA Fees Tax Deductible?
Depending on where you are living, there is a good chance that if you own a condo or a home you are also going to be paying a fee every month to a Home Owners Association (HOA). This HOA fee has the use of being used for covering repairs as well as maintenance outside your…
Is It Better To File Taxes Jointly Or Separately?
Filing taxes can be a real headache, but married couples have it harder when they have to decide if they want to file their taxes jointly or separately. Most married couples will just file jointly to save the hassle, but there are some situations where filing your taxes separately might be better. The IRS usually…
Do Beneficiaries Pay Taxes On Life Insurance?
Although no amount of money can help alleviate the grief felt for a loved one’s passing, a life insurance payout can certainly help to ease financial worries surrounding things like burial costs and mortgage repayments. Having said that, the transfer of money often comes with its own stressors such as contacting the provider to negotiate…
Can You File Taxes Jointly If Not Married?
Your wedding is meant to be one of the happiest days of your life. When you get to marry the person that you love, it changes your life in so many ways. There will be a number of big changes to your life, but there will be a number of smaller ones too – changes…
Are Assisted Living Expenses Tax Deductible?
If you have been living in an assisted living situation for years now, or if you have only just started looking at your options for years yet to come, a common question people have is how they can fit the cost of this style of living into their financial plans. Some people may think that…
Do You Pay Taxes On Reinvested Dividends?
For anyone who is working or operating in the stock market, dividends can often be a vital part of the distribution of your and your shareholder’s profits. When your company is doing well enough that you are running a surplus or earning a healthy profit, then that is the time for you and your shareholders…
Do Freelancers Pay Taxes?
Going freelance often seems like an ideal. You imagine that you work on your terms, when and where you want, and pocket all your profits… But is it really as simple as that in real life? Do freelancers have to pay taxes, for example? And that’s exactly the question that this article is here to…
