Although you may be excited about the prospect of receiving unexpected money, there are certain financial moves experts say you should make to make sure you’re prepared for that inheritance. Read the Full Article... read more
In about three weeks, millions of American families will receive the first of six monthly payments of up to $300 per child from the federal government, thanks to an expanded child tax credit. Read the New York Times article Also published in the Seattle... read more
Thinking about splitting with your spouse? The 2017 tax overhaul has made things more complicated. For recently divorced Americans, alimony payments are no longer tax-deductible for the payer, and they aren’t considered taxable income for the person receiving... read more
For many Americans, filing taxes is a no-brainer. Failing to do so can cause them to miss out on valuable tax refunds or burden them with late fees and failure-to-file penalties. But for Americans with low incomes or without any earned income at all, the decision to... read more
Amendments to the US Tax Code could have an impact on divorce and separation for couples in the near future. Changes to Child Tax Credits, Personal Exemptions, and Alimony will be in affect as soon as December 2018. What do these tax code cuts mean for you?