by Tiffany Mellow | Aug 2, 2024 | Business Accounting, Business Taxes, Non-Profit Accounting, Non-Profit Taxes, Personal Accounting, Personal Tax Deductions, Personal Taxes, W-2's, Your Questions Answered - Business Accounting, Your Questions Answered - Personal Accounting
For 2024 it is difficult to track of what’s new and changed from last year, and there are lots of tax law changes and updates for 2024 that you need to know. To help, we put together a list of the most important tax law changes for 2024. Pay attention to these...
by Tiffany Mellow | Mar 26, 2017 | Personal Taxes, Your Questions Answered - Personal Accounting
QUESTION: Dear Taxman – I am the administrator of my Mother’s estate. All she owned at the time of her death was her car, her house and a few investments which were all sold at a loss. Am I required to file an estate income tax return? ANSWER: Dear Reader...
by Tiffany Mellow | Jan 15, 2017 | Personal Tax Deductions, Personal Taxes, Your Questions Answered - Personal Accounting
QUESTION: Dear Taxman – My Daughter graduated from college in May of this year. She started working in September and expects to make about eleven thousand dollars this year. Can we still claim her as a dependent for this year? ANSWER: Dear Reader: To claim her...
by Tiffany Mellow | Dec 28, 2016 | Personal Tax Deductions, Personal Taxes, Your Questions Answered - Personal Accounting
QUESTION: Dear Taxman – I donate money to different non-profit organizations. Every year my Tax Preparer deducts some but not all of them. I thought donations to all non-profit groups were tax deducible. ANSWER: Dear Reader – Non-profit groups don’t pay...
by allsaints | Sep 5, 2016 | Personal Tax Deductions, Personal Taxes, Your Questions Answered - Personal Accounting
QUESTION: Dear Taxman – Every week I place cash in the collection plate at church. I recently heard I cannot deduct it since I have no banking record. Is that true? ANSWER: Dear Reader – As of August 16, 2006 a receipt from the donee organization or a bank...
by Tiffany Mellow | Aug 2, 2016 | Personal Accounting, Your Questions Answered - Personal Accounting
QUESTION: Dear Taxman – When should I refinance my home? ANSWER: Dear Reader – Refinancing becomes worth your while if the current interest rate on your mortgage is at least 2 percentage points higher than the prevailing market rate. Talk to several...
