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Can I Claim Cryptocurrency Losses on My Tax Return?

As cryptocurrency trading becomes increasingly mainstream, many investors have begun to grapple with the tax implications of their digital asset…

3 weeks ago

Can I Claim a Refund If I Have No Income?

It may seem counterintuitive, but even if you had no income for the year, you could still be eligible for…

3 weeks ago

Business Mileage vs. Actual Car Expenses: What Gets a Bigger Refund?

For self-employed individuals, freelancers, and small business owners, vehicle expenses can be a major tax deduction. If you use your…

3 weeks ago

Breaking Down the First Page of Form 1040: Income, Status, and Dependents

Form 1040 is the cornerstone of individual income tax filing in the United States. Whether you’re a salaried employee, self-employed…

3 weeks ago

Amended State Tax Returns: When and How to File

Filing a tax return is a complex process, and even the most diligent taxpayers can make mistakes or receive new…

3 weeks ago

Am I Required to File a Return if I’m Below the Threshold?

One of the most common questions among taxpayers—especially retirees, students, part-time workers, and low-income earners—is: “Do I have to file…

3 weeks ago

Alimony Income: What’s Taxable and What’s Not

Alimony—also referred to as spousal support or maintenance—is a financial arrangement that arises from divorce or legal separation. It involves…

3 weeks ago

Adoption Tax Credit: Large Refund Opportunities for New Parents

Adopting a child is a life-changing decision that comes with emotional, legal, and financial responsibilities. To help offset the often…

3 weeks ago

Understanding Form 1099-SA – Distributions from HSAs, Archer MSAs, and Medicare Advantage MSAs

Form 1099-SA is a critical IRS information return used to report distributions from Health Savings Accounts (HSAs), Archer Medical Savings…

3 weeks ago

Understanding Form 1099-R – Distributions from Pensions, IRAs, and Retirement Accounts

Form 1099-R is a crucial IRS information return used to report distributions from various retirement and pension plans. If you…

3 weeks ago

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