Unanswered Tax Questions

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Personal Taxes

2023 Tax Question

I retired as of June 1, 2022 at the age of 70. Per advice from family members, I foolishly did not have federal taxes withheld from my SSA benefits. I did a quick review for my 2022 tax return, and it looks like I may owe $2,600 in taxes. I have both a traditional and roth ira. If I make a deposit into an IRA now, can I list that on the 2022 tax return?

Asked Monday, February 20, 2023 by Doris M.
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Credits

Question(s) about CTC

This is actually for my daughter. Does she need to file taxes even though she didn't work for a w2 during 2022 and has a child? She attempted to do her taxes since she has a kid & it said she doesn't qualify for the child tax credit. I thought everyone who has kids qualify. I did see an article online that says a single parent can still get the CTC even they didn't work for a w2. Is that true? I'm confused on this. She did private house cleaning work for an individual earning about $1,500. The lady didn't do a 1099 for my daughter, does she need to do one for herself? I hope these questions make sense & you can help me to understand this.

Asked Monday, February 20, 2023 by Vanessa B.
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Home Ownership

Mortgage from a start-up business

Hi, We would like to know if there is a way we can qualify for a mortgage if say I start up a business in my wife's name (make it her business) and then she "hires" me as an employee in the business and pays me a salary. Would we be able to qualify for a mortgage?

Asked Monday, February 20, 2023 by Brandon G.
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Miscellaneous

Form 1040X - Amended Tax Return

Filed taxes and already paid in but, additional paperwork came in. Does form have block where one states they already paid and how much?

Asked Monday, February 20, 2023 by Michael F.
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Credits

Income requirements for claiming child tax credit

Is there an income requirement to claim the child tax credit.

Asked Monday, February 20, 2023 by Patrick S.
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Family Issues

Do I have to file

Retired, on Social security. Parent died this year. Edward Jones sent papers showing a negative Ballance. Do I have to fie.

Asked Monday, February 20, 2023 by Gary F.
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Personal Taxes

Reporting p2p income from hobby

I run a facebook page where i resell soccer jerseys i buy on ebay as a hobby and receive payments through paypal and venmo. How would this be reported on my taxes?

Asked Monday, February 20, 2023 by Christian S.
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Personal Taxes

Filing status

My daughter and soon to be ex son in law are trying to figure out if they can both claim married filling separately or do they have to do married filing jointly?

Asked Sunday, February 19, 2023 by Jenn B.
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Personal Taxes

Senior tax filing for 2022

Am 70 years old single getting $1350.00 social security and $600.00 retirement. Do I need to file taxes?

Asked Sunday, February 19, 2023 by Behnoosh V.
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Personal Taxes

Are you including mimmesota frontline worker bonus as income on form 1040

Are you including mimmesota frontline worker bonus as income on form 1040.

Asked Sunday, February 19, 2023 by ScotT H.
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