Let’s all breathe a collective sigh of relief now that this year’s tax return has been filed. But now that this year’s filing is done, what might you have done differently? One typical error that people make is not thinking about their taxes until it...
Let’s be honest – tax preparation isn’t at the top of anyone’s summer to-do list. But consider this! When planning fun summer activities or making life changes, it may be helpful to keep in mind how they may affect your tax return the following...
Comptroller Brooke E. Lierman has stated that the Office of the Comptroller will waive late payment penalties and interest for Maryland businesses until May 31, 2024, to address the economic effect of the Francis Scott Key Bridge collapse. According to investigators,...
Filing jointly or separately The IRS deems taxpayers wedded if they are legitimately married under state law, reside together in a state-recognized common-law marriage, or are separated but do not have a separation maintenance or final divorce decision at the...
Are you doing your taxes for the first time this year? Filing an income tax return for the first time might be intimidating. The good news is that most teen tax returns are straightforward to complete—you just need to be familiar with fundamental tax concepts. Is an...
If you and your significant other live together but are not married, you most likely share numerous expenditures, and one of you may even financially support the other. In such a case, you may question if you may list your girlfriend or boyfriend as a dependent on...
