general
Was the federal tax credit for solar extended?
In December 2020, Congress passed an extension of the ITC, which provides a 26% tax credit for systems installed in 2020-2022, and 22% for systems install...
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Do I have to file taxes if I overpaid?
You must file a tax return to get the money. There is usually no penalty for failure to file, if you are due a refund. nor apply any credits, including ov...
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Who pays for car damage in an accident?
In an accident, it is normally the at-fault driver (or their insurer) that must pay for any property damage and injury compensation. Therefore if you are ...
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Can a grandchild get grandparents Social Security?
Social Security will pay benefits to grandchildren when the grandparent retires, becomes disabled, or dies, if certain conditions are met. However, if you...
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Does IRS verify donations?
Tax Exempt Organization Search (TEOS) on IRS.gov allows users to search for tax-exempt charities. Taxpayers can use this tool to determine if donations th...
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Can my spouse contribute to my RRSP?
If you cannot contribute to your RRSP because of your age, you can still contribute to your spouse’s or common-law partner’s RRSP until the end of the yea...
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What does a profit-sharing plan do?
A profit-sharing plan gives employees a share in their company’s profits based on its quarterly or annual earnings. It is up to the company to decide how ...
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Are 457 plans transferable?
The rules for 457(b) plans at a private tax-exempt organization are much more restrictive. Your funds in such a plan can only be rolled over into another ...
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Are you considered an employee if you are 1099?
A 1099 worker is one that is not considered an “employee.” Rather, this type of worker is usually referred to as a freelancer, independent contractor or o...
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Is packaging material taxable in NJ?
Packaging/Wrapping Supplies Sales of nonreturnable materials used to contain, protect, wrap, and ship property are exempt from New Jersey Sales Tax. You c...
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