If ur married & the only 1 working, there is 4 kids in the household 3 are hers only and one is ours together can I claim her 3

More information is necessary. For example, the age of the children is important. Is your wife filing Married Filing Separately and going to...

Questions about SSDI benefit & Tax return

Unfortunately, there is not enough information here with which to provide a proper answer. Generally, you enter your social security on your 1040...

Can the donations be credited to/used by any of the children instead, if we are able to itemize vs take the std deduction?

I am so sorry for your loss. The person making the donation is the person who takes the donation. One thing to consider is whether there are...

I wanted to know if this debt is tax deductible?

There is not enough information here with which to respond. I assume the debt is medical related?? If so, for it to be deductible, you would have...

I recommend consulting with a professional to ensure both you and your mom are protected. It always concerns me when a family member with a power...

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Can we give $20k to each of our parents ($40k total), tax exempt in 2016?

You are correct. The general rule for 2016 is as follows: You can give each donee $14,000. Because you are married, this applies to your wife as...

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Ohio tax lien, how long till a levy?

I work with 3rd-party collectors in OH quite frequently regarding OH tax liability. The 3rd-party collector will typically allow you to enter into...

I agree with my colleagues. Please note though that it sounds like you have a social security garnishment (they are usually 15% of social...

Need to understand tax implications of selling my property

Typically, you must reside in the home for 2 out of the 5 years prior to selling the home to qualify for the primary home exclusion. There are...

Are the monies spent on attorneys tax deductible? My accountant says "no". My attorney says yes they are! A dilemma no doubt.

Generally speaking, legal fees paid to assist in the collection of taxable income (alimony, for example) are deductible. There are some other...