Many people wonder, is there an inheritance tax in Florida? In other words, do you owe taxes on the money you inherit when a loved one passes?
The good news is Florida is a great state to live in for the wealthy (or anyone for that matter) as there are no inheritance taxes or income taxes, but there are still factors anyone living in Florida should know when setting up their estate.
Are you trying to figure out if you will receive the Child Care Tax Credit this year?
As you may know, the government allows for certain tax advantages if you have a child under the age of 18. Recently the government started distributing monthly advance payments of these credits in July through the Advance Child Care Tax Credit Payments.
Let’s go through everything you need to know about the current rules surrounding this updated program, if you qualify and if you should take advantage of this credit.
You’re hurt at work and wonder what now? You need the income from your workers comp benefits, but is a workers comp settlement taxable?
That could seriously hurt your finances if you don’t plan accordingly. In this guide, we’ll show you how your settlement affects your tax liabilities and how you can minimize the taxes owed so you have enough money to cover your expenses while you recover from your injury.
When you think of Florida, lots of images come to mind. There are the beaches, Disney World and sunshine. There are also alligators, hurricanes and well, Florida Man. So what are the advantages and disadvantages of living in Florida?
Finally, is making the move to Florida worth it? I’ll answer that for you today. I will keep my biases as low as possible since I have been here for most of my life.
The IRS needs a current address to send you any refunds and correspondence. It can take up to 6 weeks to process a change of address. Most people use IRS Form 8822 to change their address, but there are a couple of other methods too.
If you move after you file your taxes, you’ll need to complete the IRS form. If you move before you file your taxes, your new tax returns will reflect the new address, but you must take other precautions too.