Potpourri of Tax Topics

/Potpourri of Tax Topics

What Tax Benefits Does Form 8332 Give?

By | December 13th, 2017|Categories: Potpourri of Tax Topics|Tags: , , , |

With a Form 8332, the non-custodial parent can claim the dependency exemption for the child and also claim the child tax credit.

Revisiting a History of Marriage in the Tax Code, Part 10

By | December 6th, 2017|Categories: Potpourri of Tax Topics|Tags: , , |

The tax oddity that we now call the “marriage penalty” came about in 1971. Let’s look at some examples.

From the Archives: Filing Separately on Your Iowa Return? Don’t Forget to Allocate Deductions

By | November 23rd, 2017|Categories: Potpourri of Tax Topics|Tags: , |

In Iowa, if you file as married filing separately, you must allocate itemized deductions based on income ratios.

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Can I Claim My Boyfriend/Girlfriend As a Dependent?

By | November 8th, 2017|Categories: Potpourri of Tax Topics|Tags: , |

This question comes up a lot, and the answer -- as always -- is "maybe."

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Glossary: Tier I/Tier II Railroad Retirement Benefits

By | October 26th, 2017|Categories: Potpourri of Tax Topics|Tags: , , , |

Railroad Retirement Benefits are a form of retirement income for people employed by railroads in the United States. Let's look at how these benefits are taxed.

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