The first question is usually academic. With the tax law change, effective 2018, most students will get the same refund whether they claim themselves or n...

Standard deduction basics Standard deductions ensure that all taxpayers have at least some income that is not subject to federal income tax. You have the ...

Small-business owners who received taxpayer-subsidized Paycheck Protection Program loans of $150,000 or less during the coronavirus pandemic will be able ...

Matt and I have lived in our condo for almost six years. (It’ll be six years in July.) Until recently, I’ve been perfectly fine with it. I’ve actually lik...

Filing status The IRS considers you married for the entire tax year when you have no separation maintenance decree by the final day of the year. You can o...

Marriage has no impact on your Social Security retirement benefit, which is based on your work record and earnings history. However, remarriage can affect...

Stop being self-employed. You must tell HM Revenue and Customs ( HMRC) if you’ve stopped trading as a sole trader or you’re ending or leaving a business p...

Auto repair equipment that you will need to get your shop ready for business may include: Air compressor. Jack, jack stands, and pole jacks. Oil drain and...

An Individual Taxpayer Identification Number (ITIN) lets you file an income tax return if you do not have a valid Social Security Number. The ITIN is a 9 ...

Setting up the payment by direct debit/payroll deduction takes 15-30 minutes for the initial agreement by phone, plus 4-6 weeks to finalize the direct deb...