No one gets married preparing to get divorced, so many newly divorced people are unprepared for the tax rules that they may now be subject to. Watch this TurboTax tax tip video for a few things to think about if you've gotten divorced.
This allows you and your new spouse to enjoy all the benefits of filing jointly for the year in which your wedding happened. If you don’t plan on getting married in the near future, there are other filing statuses that couples can use on their separate income tax returns. When unmarried...
Married couples can exclude up to $500,000 in gain from the sale of their home as long as they meet the IRS requirements. We discuss the requirements for this more in 5 Tax Tips for Homeowners. Do I have to pay the additional tax on net investment income? You may have to pay an ...
Using this information, the calculator will compute your estimated tax refund or amount owed. This estimate can help you make informed decisions about your tax planning. Accurately estimating the taxes you will owe during the year is highly important for several reasons, as it helps individuals, ...
Online tax calculator Opportunity Card Tax classes in Germany Advantages for married couples The annual tax return: Income tax declaration How to pay less taxes Tax advisor Other German taxes What is church tax in Germany? Interested in studying in Germany? What is solidarity tax in Germany? What...
The Child Tax Credit is a credit for the parents or legal guardians of an eligible dependent child. Single tax filers with a modified adjusted gross income of $200,000 or less and married couples filing jointly with an MAGI of $400,000 or less can claim a full credit of up to $2,000...
That limitation applies to each return, so married couples filing jointly also must abide by the $10,000 cap. Married persons filing separately can each get a $5,000 deduction, but both must agree to use the same method for deducting sales taxes. ...
You must still indicate whether the taxpayer resides outside a census metropolitan area for them to receive the additional rural supplement. For married or common-law individuals, the rural supplement will be issued to the spouse or common-law partner whose return is assessed first. Beginning in ...
There are many good reasons to get married—true love and compatibility being among the best. Here are 7 tax advantages of getting married and tips for making the extended honeymoon a little sweeter when you prepare your tax return.
$125,000 if married filing separately How to Calculate Your Long-Term Capital Gains Tax Most individuals figure their tax (or have pros do it for them) using software that automatically makes the computations. You can also use a capital gains calculator to get a rough idea. Several free cal...