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Tag: Kids

Having children affects your finances in immeasurable ways. The presences of kids may increase your costs, have you purchase a bigger house, and get child tax credits, child care tax credits, and while choosing to purchase more insurance,

Alimony and Taxes

If you are divorced or separated your legal documents might have you either pay alimony to or receive alimony from your ex-spouse. When you receive alimony, you are required to report the income on your 1040, line 11 on the 2013 form. If you paid alimony, you are allowed to deduct it...  Read More

Florida Sales Tax Holiday August 2-4, 2013

Florida Sales Tax Holiday August 2-4, 2013 Even though we are still on summer break school is starting in just a few weeks. The weekend of August 2-4, 2013 is a sales tax holiday for Florida. This means that no Florida state or local sales tax will be collected on clothing, footwear,...  Read More

Taxpayers Claiming Education Credits Wait Until February To File

With all of the changes to the tax code that were signed earlier this year the IRS is scrambling to catch up.  If you are a taxpayer that claims one of the education tax credits- the American Opportunities Credit and the Lifetime Learning Credit- using Form 8863 you will need to wait...  Read More Nanny Tax Post

My second post for was on Nanny Taxes- how to pay them and why you should.  Find the article here.  Follow Kveller on Facebook or Twitter....  Read More