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.
Q: What is the IRS definition of breastfeeding supplies? A: IRS Notice 2011-14 states "expenses paid for breast pumps and supplies that assist lactation are deductible medical expenses" and are eligible for reimbursement through HSAs. So basically, anything you purchase for breastfeeding would qualify. Q: Do i have to file taxes after 72 years old? A: This [...]
By Jason Dinesen| 2012-06-01T06:25:28+00:00 February 3rd, 2012|Categories: Potpourri of Tax Topics|Tags: Breastfeeding Supplies, Form 1099-K, Georgia, Same-sex marriage, School Camp, Self-employed Health Insurance, Social Security|
DISCLAIMER: The answers to questions in this segment are intended to be general in nature and do NOT constitute tax advice. Please contact a tax advisor to discuss your unique situation. Q: I have a business account with an associated merchants card account. In the past I have done business with entities that only pay [...]
I recently posted about the circumstances under which Social Security benefits are taxable. A couple from Georgia recently lost a Tax Court case where they tried to argue that their Social Security benefits should not be taxable because the amounts they paid into Social Security had already been taxed. They made this argument even though their other income [...]