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I am a 25 year old single woman with no dependents. I make about $26,000.00 per year as a Paralegal. I am a college graduate with some post graduate education (no post graduate degree) so that means I have about $42,000.00 in student loan debt. I also currently have $1,000.00 in credit card debt. I live alone, but I can barely afford it. With my income, I am barely...
Submitted Apr 10, 2014
My son graduated in May. He is 24. He lives at home and is supported by us. he became employed in September and earned approx. $7000. The way I read the 1040 instructions, I cannot claim him as a dependent since he earned over $3900. Is this correct? It doesn't seem logical-who could live on $3900?
Submitted Apr 8, 2014
If a mineral deed is completed for the interest to be given to family, what amount is the amount for calculation of gift tax liablity? The property that the minerals is under has been owned by the donor since 1950.
Submitted Apr 7, 2014
I have set aside some large sums of funds in 529 accounts for my children, both of who have decided to not go to college. Is there any way to access these funds without paying any penalties?
Submitted Apr 4, 2014
I own my home. May I purchase insurance for fire and liabilty only?
Submitted Apr 4, 2014
if property is deed in x name, can you buy home owner's insurance in x & y name. if anything happens to home will property be covered
Submitted Mar 31, 2014
Hi, I am a single mom recently out of a long term relationship and have very little money saved. My future budget-once I am on my own will leave my with $200 a month to save. Do you have any sugestions on the best (and fastest) way to build my savings with such a minimal amount? Thank you, Desperate
Submitted Mar 30, 2014
I have been living abroad for the last year but I am paid from a US based company. Do I get any tax breaks since I have been living out of the country for so long?
Submitted Mar 28, 2014
I worked over seas 6 months of last year in Afghanistan and Kuwait. Will I recieve a tax exclusion for that time that I worked? I can use Form 2555? because I don't meet the requirements can I use Form 1116?
Submitted Mar 28, 2014
I am married and plan to have children several years from now. Can I set up a 529 account (with Vanguard; Nevada plan) today and name myself as beneficiary, only to change the beneficiary to my child once they're born. If so, what is the maximum amount I can contribute to the plan today (as a lump sum in 2014), assuming I'll be filing my 2014 taxes as married filing...
Submitted Mar 23, 2014

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