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A taxpayer may also be considered unmarried for head of household purposes if their spouse is a nonresident alien and the taxpayer does not elect to treat the spouse as a resident alien. [7] In that case, the taxpayer can file as a head of household while still being considered married for purposes of the earned income tax credit.
Relationship: Be your son, daughter, stepchild, eligible foster child, brother, sister, half-sister or -brother, ... In general, only one parent can claim a child as a dependent for tax purposes.
The cap, which lasts for three years, limits a property’s appraised value for tax purposes. Texas homestead exemption for school property taxes is $40,000. This bumps it up by $60,000.
The definition was to be expanded from "a remaining spouse, sexual cohabitant, partner, step-parent or step-child, parent-in-law or child-in-law, or an individual related by blood whose close association is an equivalent of a family relationship who was accepted by the deceased as a child of his/her family" to include "any person who had ...
In such cases, the parents may stop using the terms stepparent and stepchild and instead refer to the child simply as their son or daughter; depending on the child's degree of affinity for the adoptive parent and/or approval of the legal proceedings culminating in the child's adoption, the child may likewise drop the "step-" designation from ...
On or after January 1, 2019: The Tax Cuts and Jobs Act (TCJA) changed the alimony tax implications. If the divorce was finalized after 2018, alimony payments are no longer tax deductible for the ...
An appraised value limitation is an agreement between a taxpayer and a Texas school district in which the taxpayer proposes to build or install property—and create jobs meeting certain job and wage requirements—in exchange for a ten-year limitation on the taxpayer's property value for school district maintenance and operations tax (M&O ...
This taxpayer will drop his/her tax liability to $0 and then report a refundable credit of $1,800 (i.e., 3 x $1,600 or $4,800 - $3,000) using Form 8812 where he/she will report the Additional ...