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Tag: taxes

Head of household tax filing status is available for unmarried taxpayers and certain separated taxpayers who provide a home for a qualifying person, such as a child or a parent....

While most of us know this area of the tax code as the nanny tax, the IRS refers to this as household employees. Definition. Basically the IRS believes individuals may...

Yes, that’s correct, there are some forms of income you receive that may be tax-free. Here is a list of ten common sources of tax-free income. Gifts. Gifts you receive...

Your chances of being audited are probably lower than you think. A look at the latest IRS statistics for 2016 reveals some interesting and reassuring facts about the risk of...

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