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Discharged Student Loan Debts

Family & education

Discharged student loan debts. For the years 2018 through 2025, student loan debt that is discharged due to the total and permanent disability or death of a student…

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One-minute answer

Increase In Child Tax Credit

Deductions & credits

Child Tax Credit. We all know there was an increase and there was an advance, but how much was that increase? So it comes down like this: If…

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Understanding The Advanced Child Tax Credit

Deductions & credits

The Advanced Child Tax Credit. This is something we haven't had to deal with. And now that we're into the 2021 tax season and we're preparing forms, people…

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Child Tax Credit and Advanced Child Tax Credit

Deductions & credits

Child Tax Credit and Advanced Child Tax Credit. We are wondering at this moment, will you be getting a payment come the 15th of this month since the…

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Marginal Tax Rates in 2021

Family & education

Let's do a quick fact check-in in 2021. First, the marginal tax rates are 10 through 37. If you are, for example, 24% margin for tax bracket limits,…

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Charitable Deductions for Single and Married People

Deductions & credits

Now's another time to be thinking. Right now we have a charitable deduction: Single person is 300 and married couples are 600 above the standard deduction if you…

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Can I File For My Injured or Innocent Spouse?

Family & education

Injured or innocent spouses. Married couples typically file joint returns. The good news is that they usually get a better tax rate and qualify for nicer credits. The…

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