Can I claim my girlfriend as a dependent—or my boyfriend—on my taxes? Learn the IRS criteria for a "qualifying relative," including income limits and support requirements, to see if you can add your partner to your federal income tax return.
Can I deduct the cost of a new computer on my taxes? Maybe, if you are using it more than 50% of the time for business purposes.
If you are self-employed and pay quarterly taxes or you expect that you’ll owe on your taxes in the next year, Musson said it may be a good idea to put your stimulus checks toward paying your expected taxes. “That way, you won’t fall behind and get yourself into a hole ...
Can I Use AI to File My Taxes? More Getty Images AI tax prep services have bots that provide information, and it's not always clear, or in some cases, incorrect. Key Takeaways AI is intersecting with many aspects of our daily lives, including shopping, health care and personal finance...
Doing so has costly consequences, including both a penalty fee and taxes. For borrowers 59½ years old and younger, there is generally an early withdrawal penalty of 10%, plus taxes, which can be anywhere from 20% to 25% depending on your income and tax bracket. If you are someone ...
Most personal loans are unsecured, so the process will be similar to defaulting on an (unsecured) credit card. The lender is likely to sell your debt to collections, and the collection agency can choose to pursue legal action if you don't pay the debt. ...
How – and how much – people and corporations pay in taxes is expected to change under Trump. Erica SandbergJan. 28, 2025 Experts Comment on Trump's Tax Plans When done right, airport spending can make your travel experience far better. Erica SandbergJan. 28, 2025 Airport Costs to...
Do you pay taxes on lost or stolen crypto? Typically, you can't deduct losses for lost or stolen crypto on your return. The IRS states two types of losses exist for capital assets: casualty losses and theft losses. Generally speaking, casualty losses in the crypto world wou...
If your income or expenses change a lot during the year, that may affect the taxes you need to pay each quarter. For example: If your company loses a big customer, your income drops. So, you can adjust your payments. If you land a major contract that boosts your income, check the wo...
It's easy to feel overwhelmed when you have years of back taxes you need to file, but we're here to help. Before you file your back taxes, learn how to gather old tax documents, which forms to complete, and how to minimize penalties and interest. If you'