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Family

Tax Benefits for Having Dependents

December 9, 2019 / Ginita Wall, CPA, CFP®

Kids can be overwhelming when they are cooped up in the house while on break, but they are also blessed tax-savers when you file your taxes. Here are some of the tax benefits for having children and other dependents.

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Family

Who Can I Claim As a Dependent?

November 13, 2019 November 14, 2019 / TurboTaxLisa

The article below is accurate for your 2019 taxes, the one that you file this year by the April 2020 tax deadline. Under tax reform, you can no longer claim the dependent exemption — which was $4,050 for tax year...

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Tax Deductions and Credits

12 Ways to Save on Taxes Through Life’s Transitions

October 28, 2019 November 14, 2019 / Ginita Wall, CPA, CFP®

Though it hasn’t gotten to the point the Beatles envisioned when they said that if you take a walk they’ll tax your feet, like it or not, taxes are a part of almost everything we do in life. There are, however, ways to save on your taxes through your life’s transitions. Here are 12 tax tips to help you through major life events.

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Tax Reform

6 Life Changing Events and Their Tax Implications

June 28, 2019 July 24, 2019 / Ginita Wall, CPA, CFP®

The article below is up to date based on the latest tax laws. People can experience life-changing transitions over the course of just one year. These changes may include having a baby, securing a new job, moving to a new...

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Family

Happy National Children’s Day! Here’s What Having a Child Means For Your Taxes

June 9, 2019 July 24, 2019 / Ginita Wall, CPA, CFP®

Whether your child is a newborn or a teenager almost ready to head off to college, children have an impact on your taxes. Here are some of the things you should know. Get That Number You probably were given a...

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Family

Is My Child’s Summer Camp Tax Deductible?

May 29, 2019 July 23, 2019 / Ginita Wall, CPA, CFP®

Ah, good old summertime – what a wonderful relaxing time of the year. Unless you have kids, of course, in which case there’s a whirlwind of activity in your house as soon as school is out. But then comes the...

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Tax Deductions and Credits

Get Refund Lucky with These Top 7 Tax Deductions & Credits

March 17, 2019 July 24, 2019 / Jim Wang

Happy St. Patrick’s Day! Just like finding $20 in your coat pocket, getting a big tax refund can feel pretty lucky. Alas, luck has nothing to do with it! Knowing the tax deductions and credits available to you is a...

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Tax Deductions and Credits

Multigenerational Families: Top Family Tax Deductions and Credits You Should Not Miss

March 4, 2019 July 23, 2019 / Elle Martinez

The article below is accurate for your 2018 taxes, the ones that you file this year by the April 2019 deadline. This post can be found en Español here. For practical, cultural, and personal reasons, more families are living in...

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Tax Deductions and Credits

What Does My Relationship Status Mean for My Taxes?

February 22, 2019 June 11, 2019 / TurboTaxBlogTeam

Tax season is already well underway, and your relationship status is something to keep in mind when preparing to file your taxes. Whether you’re a single filer doing the job on your own or working together with your significant other,...

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Tax Deductions and Credits

Can I Claim My Girlfriend or Boyfriend as a Dependent?

February 6, 2019 July 23, 2019 / Jim Wang

The article below is accurate for your 2018 taxes, the one that you file this year by the April 2019 deadline. Under the new tax reform laws, you can no longer claim the dependent exemption beginning in 2018, which was...

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