general
Is there a fee for not having health insurance in 2020?
The federal individual mandate penalty was eliminated at the end of 2018. There is a penalty in New Jersey, DC, Massachusetts, California, and Rhode Islan...
Aug 06, 2026 • 1 READS
news
Can saving accounts earn interest?
Savings accounts are offered at most banks. The interest you earn on savings accounts can be compounded daily or monthly and rates vary among financial in...
Aug 06, 2026 • 0 READS
general
Can you convert deferred compensation to Roth IRA?
To convert a 409(A) deferred compensation fund to a Roth, you’d have to withdraw the money, pay taxes on it, open a Roth IRA, and deposit to the maximum. ...
Aug 06, 2026 • 1 READS
news
How do I opt out of TurboTax Deluxe?
Is there a way to remove TurboTax Deluxe without starting over? From the menu on the left, click Tax Tools. Choose Clear & Start Over. Confirm. You ma...
Aug 06, 2026 • 1 READS
updates
Do independent contractors work for someone?
Independent Contractor vs. Employee Independent contractors provide goods or services according to the terms of a contract they have negotiated with an em...
Aug 06, 2026 • 1 READS
general
What expenses can you claim for when self employed?
Costs you can claim as allowable expenses office costs, for example stationery or phone bills. travel costs, for example fuel, parking, train or bus fares...
Aug 06, 2026 • 1 READS
general
What is the penalty for taking money out of a mutual fund?
Under the federal tax code, you make an early withdrawal if you sell your shares and access funds before age 59 1/2. In these instances, you typically pay...
Aug 06, 2026 • 1 READS
general
What happens when you sell your home for less than 2 years?
You’ll be taxed on all the capital gain. While there are some exceptions, if the home was your primary residence for less than two years from the date of ...
Aug 06, 2026 • 1 READS
updates
What is the purpose of form 1310?
IRS Form 1310 is used to claim a federal tax refund due to a recently deceased taxpayer. In general, Form 1310 is filed by a surviving spouse or the execu...
Aug 06, 2026 • 1 READS
updates
Can student loan interest be deducted in 2019?
And while you can’t deduct a student loan on your federal tax return, the interest from student loan payments is tax-deductible. The student loan interest...
Aug 06, 2026 • 1 READS
