Tax Forms
This form is used by employers to report employee wages and tax withholdings to the IRS
What is Form W-2
This is the income phase-out range for contributing fully to a Roth IRA for single filers in 2024
What is $146,000 to $161,000
This credit is designed to benefit individuals and families that incur expenses for the care of a qualifying individual to allow the taxpayer to work or look for work
What is the Child and Dependent Care Credit
These filers use Form 1040-SR
What is Seniors, aged 65 or older
For taxpayers in the U.S. who reside overseas, this extended deadline date is automatically received for filing federal income tax returns
What is June 15th
This form is used to request an automatic extension of time to file a U.S. individual income tax return
What is Form 4868
This type of loss is subject to a $3,000 deduction limit against ordinary income each year
What is Capital Loss
These are the income limits for claiming the full Lifetime Learning Credit for single filers in 2024
What is $80,000 - $90,000
This status is usually qualified for in the year of their divorce
What is Single or Head of Household (if they have a qualifying dependent)
This is the deadline for employers to submit Form W-2 to the Social Security Administration
What is January 31st
This form is used to report distributions from pensions, annuities, retirement or profit-sharing plans, IRAs, or insurance contracts?
What is Form 1099-R
This is the specific deduction related to qualified business income (QBI) from a partnership, S corporation, or sole proprietorship under Section 199A?
What is the Qualified Business Income Deduction
This is the maximum Adoption Credit allowed per child for 2024?
What is $ 252,150 to $ 292,150
This circumstance of Married Filing Separately can be beneficial to use compared to filing jointly
What is when one spouse has significant medical expenses or miscellaneous deductions
If April 15th falls on a weekend or a holiday, this is the subsequent deadline for filing taxes or requesting an extension
What is the next business day
This form is used by U.S. persons with financial interest in or signature authority over foreign financial accounts?
What is FBAR (FinCEN Report 114)
This is the scenario that a taxpayer can deduct hobby expenses under the Internal Revenue Code
What is when they can categorize it as a business expense, if it turns a profit in at least 3 out of the last 5 years
This credit is available to eligible small businesses that provide paid leave under the Family and Medical Leave Act.
What is the General Business Credit for Paid Family and Medical Leave
This is the explanation of the "abandoned spouse" rule and how it affects filing status
What is it allows a married person to file as head of household if the spouse was not a member of the household during the last 6 months of the tax year
This is the date contributions to SEP-IRAs are required to be made to count for the previous tax year
What is by the extended due date of the tax return
This form is used by taxpayers to report unrelated business income from tax-exempt organizations
What is Form 990-T
This deduction allows real estate professionals to deduct passive activity losses without limitation
What is the Exception for Real Estate Professionals under Passive Activity Loss Rules
This energy-related tax credit was extended by the Consolidated Appropriations Act in December 2020, now including biomass fuel property expenditures
What is the Nonbusiness Energy Property Credit
This special provision provides for the spouses of U.S. Armed Forces members regarding filing status
What is they can still use Married Filing Jointly even if they do not live together due to military deployment
This is how soon after the IRS announcement of changes in the mileage rates can taxpayers begin using the new rate for deductible business mileage
What is immediately following the announcement for expenses incurred