Should You Use a Personal Loan to Pay Your Tax Bill?
A personal loan can help you pay outstanding taxes quickly, but be sure to consider an IRS repayment plan and other ...
Savvy Senior: What’s the federal income tax threshold?
Whether you are required to file a federal income tax return this year will depend on how much you earned last year, plus a ...
Here’s When You Can Expect Your IRS Tax Refund and How You Can Track It
There are three status updates which the taxpayer might see: “received return,” “refund approved,” or “refund sent.” If the ...
Home office deduction: Here's who qualifies and how to claim it on your taxes
The home office deduction could provide a tax break on your 2024 return. Here’s who qualifies and how to claim it.
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Line 31300 – Adoption expenses
The maximum claim for each child is $19,066. You can claim all of the eligible adoption expenses that you incurred but you have to claim them in the tax year that includes the end of the adoption ...
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Determine who can claim the deduction
If you were enrolled in an eligible educational program in 2024, you also need to fill out Part D. If you lived with another person in 2024 If you lived with another person at any time in 2024 and in ...