by Marilou Davido | Aug 23, 2023 | Resources
Have you been wondering, “Do I need to file taxes? Is there a minimum income level requirement to file taxes?” Federal tax filing requirements for dependent children are different than nondependent children. Dependent Child In general, a dependent child is...
by Marilou Davido | Aug 23, 2023 | Resources
Your tax filing status dictates your tax brackets, standard deduction amount, and eligibility for many other deductions and credits. Selecting the correct filing status is especially important for divorced individuals or surviving spouses. Filing Statuses – There are...
by Marilou Davido | Aug 22, 2023 | Resources
Have you been wondering, “Do I need to file taxes? Is there a minimum income level requirement to file taxes?” Federal tax filing requirements for those 65 and older can look different than for those under 65. In general, taxpayers are not required to file a federal...
by Marilou Davido | Aug 21, 2023 | Resources
5 Steps to Figuring Out Who Qualifies as Your Dependent Step 1: Do You Have A Qualifying Child? A qualifying child is a child who … Is your son, daughter, stepchild, foster child, brother, sister, stepbrother, stepsister, half brother, half sister or a...
by Marilou Davido | Aug 10, 2023 | Resources
Retiring before 59 ½ often comes with early withdrawal penalties for qualified retirement accounts like 401(k), 403(b) plans, and Traditional IRAs. These penalties can significantly reduce the amount of money you receive when you tap into these accounts. One strategy...
by Marilou Davido | Jul 17, 2023 | Resources
A credit freeze protects you by blocking access to your credit reports even if a criminal has key information such as your birthdate and Social Security number. When someone applies for credit using your personal information, a lender or card issuer typically checks...
