General (22)

What is the Alternative Minimum Tax (AMT), and who is subject to it?

Modified on Tue, 10 Oct, 2023 at 4:16 PM
How does the IRS define taxable interest income, and what types of interest are taxable?

Modified on Tue, 10 Oct, 2023 at 4:16 PM
What are capital gains and how are they taxed in the United States?

Modified on Tue, 10 Oct, 2023 at 4:17 PM
What is a tax audit, and what can individuals do to prepare for one?

Modified on Tue, 10 Oct, 2023 at 4:17 PM
What are tax deductions for self-employed individuals, and what expenses can be deducted?

Modified on Tue, 10 Oct, 2023 at 4:17 PM
What is the Gift Tax in the United States, and how does it impact individuals giving and receiving gifts?

Modified on Tue, 10 Oct, 2023 at 4:18 PM
What is the purpose of a tax extension, and how can individuals request an extension for filing their federal tax return?

Modified on Tue, 10 Oct, 2023 at 4:18 PM
What is the Child Tax Credit, and how has recent legislation impacted the credit amount and eligibility criteria?

Modified on Tue, 10 Oct, 2023 at 4:18 PM
What is the Earned Income Tax Credit (EITC), and how does it assist low-income individuals and families?

Modified on Tue, 10 Oct, 2023 at 4:19 PM
What are tax-advantaged retirement accounts, and how do contributions to these accounts affect taxable income?

Modified on Tue, 10 Oct, 2023 at 4:19 PM