Do you support your parent? Do they maybe live in your house or live in a care facility in which you basically help support them? Remember, there is…
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Tax questions
Family & education
Dependents, child credits, childcare, college costs, student loans, adoption, and divorce.
181 answers
The Tax Cuts and Jobs Act of 2017 eliminated the deduction of child support and alimony. Alimony being the main one, child support hasn't been a deduction for…
ListenInjured 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…
ListenStudent loan interest. This can be a tricky thing because a lot of times, parents have actually gotten the loans for the kids because they wanted to help…
ListenAdoption tax credit. For those who adopt a child, you can receive a credit of up to $14,440 is qualified adoption expenses are required for the year 2021.…
ListenSeptember 10, 2022
Welcome to the Dr. Friday Radio Show! In this episode, we have tax expert Dr. Friday take on the latest tax updates, answer the caller's questions, and talk…
#1099-K Threshold#Tax Preparer Accountability#Student Loan Repayment#IRS Debt Resolution
ListenJuly 9, 2022
Welcome to the Dr. Friday Radio Show! In this episode, we have tax expert Dr. Friday take on the latest tax updates, answer the caller's questions, and talk…
#Offer In Compromise#IRS Notice Resolution#IRS Debt Resolution#Tax Refund Delays
ListenMay 14, 2022
Welcome to the Dr. Friday Radio Show! In this episode, we have host, John Haggard, and tax expert, Dr. Friday, take on the latest tax updates, answer caller's…
#Earned Income Credit#IRS Debt Resolution#Inherited Property Basis#Capital Gains Taxes
ListenMay 7, 2022
Welcome to the Dr. Friday Radio Show! In this episode, Dr. Friday takes on the latest tax updates, answers the caller's questions, and talks over the following topics:…
#Child Tax Credit#Claiming Dependents#Home Sale Exclusion#IRS Debt Resolution
ListenApril 16, 2022
Welcome to the Dr. Friday Radio Show! In this episode, Dr. Friday takes on the latest tax updates, answers the caller's questions, and talks over the following topics:…
#Tax Filing Extensions#Disaster Tax Extensions#Qualified Charitable Distributions#529 Plan Withdrawals
ListenCharitable contributions are on the table. Remember, this has to be a cash contribution and you can have 300 for a single 600 for a married. The reason…
ListenThe tax law changed at the end of 2018 when it came to alimony. Many people seem to be a little confused about how exactly that's supposed to…
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