Being a caretaker for adult children, relatives, or parents can create an additional financial strain for taxpayers. To ease the burden of these scenarios, the IRS created a specific tax credit called the “credit for other dependents.”
The child tax credit and the credit for other dependents are figured on:Form 8812, Credits for Qualifying Children and Other Dependents Instructions for Schedule 8812 The credit for other dependents and $300 of the child tax credit are nonrefundable credits: they are limited by your ordinary ...
It should be noted that the IRS has strict guidelines for which dependents count as qualifying children. So keep in mind that all of the following must apply to qualify a child for the child tax credit: The child must be under age 17 at the end of the year. The child must be your ...
From making payroll to paying rent – small businesses across the country have been struggling with major economic challenges from the coronavirus pandemic. Thankfully, some states are now offering grants, loans and other assistance to small businesses affected by the crisis, providing them with the...
The United Kingdom has indicated that this is a breach of their 1985 agreement with China and indicated that they will be offering the three million plus Hong Kong residents that have or are eligible for British National Overseas status and their dependents a pathway to citizenship. If Hong Kon...
I wrote a book about RANKING, and now we are working with Zsuzsa Szvetelszky on an other book REPAIR: When and How to Improve Broken Objects, Ourselves, and Our Society
When it comes to managing our finances, understanding different asset types is essential. One type of asset that often comes up in financial discussions is hard assets. But what exactly are hard assets, and how do they differ from other types of assets? In this blog post, we’ll explore ...
our Continuing Financial Education 2023 course. That sale only goes through April 17th, and then it goes back to its normal price of $789. But for now through the 17th, you can get this for $699 and it will give you continuing medical education credit or dental continuing education credit...
Amazon told its employees that the new work benefit would apply to an employee if an operation could not be done within 100 miles of their home and virtual care is not accessible. That will be put in place for all corporate and warehouse employees or covered dependents enrolled in the compan...