Mar 11, 2015 | Federal Income Taxes, Individual Income Tax Returns
Once your income is above a certain level, you will be asked to file a federal income tax return. This depends on your age, filing status, and the type of income you receive. You will need to go to the “Individuals” section at www.irs.gov or look at instructions...
Nov 11, 2014 | Arizona Income Taxes, Federal Income Taxes, Individual Income Tax Returns, Taxable Income
You can’t claim an exemption for your spouse as your dependent, but you can claim a personal exemption. To claim a personal exemption for your spouse, you must meet a host of requirements. For example, you must have been married on the last day of the tax year. For...
Nov 11, 2014 | Arizona Income Taxes, Federal Income Taxes, Individual Income Tax Returns
There are three personal income tax forms: 1040, 1040A, and 1040EZ. While the EZ form is the most straightforward, it may be worth using a longer form because there are more tax break opportunities. For the record, the 1040 is the most complex while the 1040A is the...
Nov 11, 2014 | Arizona Income Taxes, Federal Income Taxes, Individual Income Tax Returns
The two types of “claimable” dependents are a qualifying child or a qualifying relative. A qualifying child is one that is either biological, adopted, a foster child, or a brother, sister, niece, or nephew that is under the age of 19, and abides at the...
