Courtesy of the IRS It’s important to use the correct filing status when filing your income tax return. It can impact the tax benefits you receive, the amount of your standard deduction and the amount of taxes you pay. It may even impact whether you must file a federal income tax return. Are you single, […]
Today TaxMama® hears from Alice in the TaxQuips Forum with a valid question. “On line 39a of the Form 1040, if a box is checked, resulting in a deduction for those over 65 years old, where do we put the amount? And what line is it deducted on from?
Today TaxMama hears from Tiffany in the TaxQuips Forum who is upset with H&R Block. She tell us “My boyfriend and I own a home. Both of our names are on the deed and on the 2 mortgages we have on the house. We each file our own tax return… Since both of our names […]