The IRS generally considers whether you’re married, separated but not legally separated, or divorced at the end of the year. Marriage status is important in filing taxes; it not only determines filing requirements but also standard deductions, eligibility for certain credits and taxes as well. In fact, you may have to deal with multiple government […]
Month: January 2025
Feds Make Retirement Dollars Available In Disasters
The IRS has sent out a notice explaining how the SECURE 2.0 Act makes it easier for qualified individuals impacted by a federally declared major disaster to access their retirement savings. Who is eligible? A taxpayer may be eligible for relief that provides for expanded access to their retirement funds if their principal residence was […]