You can only offset the passive loses to passive income. You cannot use the passive losses to offset ordinary income like wages, capital gains, retirement incom...
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Yes, the IRS allows for mortgage interest to be deductible on the first $750,000 of your mortgage for your previous home and current home. Since the the...
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Not worry, if you are in a federally declared disaster area, you qualify for an automatic extension.
No, you are not charged a penalty if you do not owe ta...
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If you have not been able to reach the payroll department or company that issues the W2 for your employer, I suggest you create an account on the IRS.gov w...
If you have combined income that exceeds $25,000 as an filing single taxpayer or exceeds $34,000 if married filing joint, then yes up to 50% of your social secu...
