updates
Can I claim my 18 year old son on my taxes if he works?
Yes, a child under age 19 or a full time student under age 24 can still be claimed as a dependent regardless of the amount of income she has. Can you clai...
Jul 23, 2026 • 1 READS
updates
Are there any exceptions to selling your home for medical reasons?
This exception would apply if you started a new job or if your current employer required you to move to a new location. If you’re selling your house for m...
Jul 23, 2026 • 1 READS
updates
Why is TurboTax giving me the standard deduction?
Standard deductions ensure that all taxpayers have at least some income that is not subject to federal income tax. Standard deductions generally increase ...
Jul 23, 2026 • 1 READS
general
Are S corp shareholders considered owner employees?
An S corporation shareholder who performs more than minor services for the corporation will be its employee for tax purposes, as well as a shareholder. In...
Jul 23, 2026 • 1 READS
news
What is section 10 in income tax?
The objective of section 10 of the Income Tax Act is to reduce the burden of the different structure of the tax such as rent allowance, allowance for chil...
Jul 23, 2026 • 1 READS
general
Can you file taxes with 401k early withdrawal?
Generally, anyone can make an early withdrawal from 401(k) plans at any time and for any reason. However, these distributions typically count as taxable i...
Jul 23, 2026 • 1 READS
news
What happens when the owner of an inherited IRA dies?
A successor beneficiary is the person who inherits the IRA after the original inheritor dies. In other words, successor beneficiaries in the third categor...
Jul 23, 2026 • 1 READS
general
What are the problems with manufactured homes?
Manufactured Housing Problems Site Preparation Problems. Manufactured housing installation problems can begin with site preparation. Structural Issues. So...
Jul 23, 2026 • 1 READS
general
What are the benefits of being artistic?
The Benefits of Art Art stimulates the imagination. Art opens the heart and mind to possibilities and fuels the imagination. Art makes you more observant....
Jul 23, 2026 • 1 READS
news
Can you deduct health insurance on 1120S?
The premiums the business paid can be deducted on your Form 1040 (line 29) and as a business expense on Form 1120S. Your health insurance premiums paid by...
Jul 23, 2026 • 1 READS
