- Who Claims the Children’s Tax Benefits You or Your Ex-Spouse?
- If you are a divorced or separated parent, a commonly encountered but often misunderstood issue is who claims the child or children for tax purposes. This is sometimes a hotly disputed issue between parents; however, tax law includes some very specific but complicated rules about who profits from the child-related tax benefits. At issue are a number of benefits, including the children’s dependency, child tax credit, child care credit, higher-education tuition credit, earned income tax credit, and, in some cases, even filing status.
- The Implications of the R&D Tax Policy Changes on Manufacturers Everywhere
- The R&D tax policy changes have the potential to hurt manufacturers in a number of different ways, all of which are worth exploring. Learn more.
- Planning On Buying a New Electric Vehicle and Claiming a Tax Credit? Better Read This First
- Although the credit for purchasing a new electric vehicle can still be as much as $7,500, Congress has added some new stringent qualifications as to which vehicles qualify, and for the first time Congress has limited who qualifies for the credit by barring the credit to higher income taxpayers.
- Save Time, Keystrokes with Recurring Transactions in QuickBooks Online
- Your time as a business owner is valuable. Don’t waste any of it doing duplicate data entry.
- Video Tips: 2023 RMD Age Updates
- The RMD starting age requirement for traditional individual retirement plans and 401(k)s rises to 73 for 2023 and to 75 a decade later, giving accounts more time to grow in value.
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