Can You Claim Your Elderly Parents on Your Taxes?

Can You Claim Your Elderly Parents on Your Taxes?

The Internal Revenue Service (IRS) allows you to claim your elderly parent as a dependent on a tax return as long as no one else does. If you choose to claim an exemption for your parent, you must also ensure that you are not an eligible dependent to another taxpayer. This restriction is effective even if the taxpayer who can claim you as a dependent chooses not to. Full story

What’s the Cost of Your American Dream?

What’s the Cost of Your American Dream?

I love where I live in North Carolina – the mountains and the beach are only a couple of hours away, depending on which direction you go. To have different landscapes and cities around definitely is a plus in my book. Sometimes though I wonder what it would be like if we moved back to the beach or if we tried out mountain living. I’m still trying to figure out where would be the ideal place. Full story

Summer Job Tax Tips

Summer Job Tax Tips

Summer is here, and that means young adults and college students are looking for summer jobs. Even though the economy still hasn’t recovered and unemployment is high, there are still a lot of seasonal jobs out there. Of course with earning money comes paying taxes, so at the very least you want to maximize your money this summer. Full story