Ines Zemelman

Raising children is expensive, and while the IRS won’t cover daycare costs or your teenager’s endless snack cravings, the Child Tax Credit (CTC) is designed to ease the financial burden for families. With tax law changes happening regularly, it’s crucial to understand how the Child Tax Credit 2...

If you have an ITIN, you may be wondering if and when it needs to be renewed. In this article, we will guide you through everything you need to know about ITIN renewal, from who needs to renew their ITIN to how to renew it, and even some benefits you might not know about. ...

The US tax code is complicated enough without extra forms, but if you’re a high earner or self-employed, you’ve probably encountered Form 8959. This form is essential for reporting the Additional Medicare Tax, a tax that applies once your income crosses certain thresholds. If you&r...

The Internal Revenue Service (IRS) has announced tax relief measures for individuals and businesses affected by the wildfires in California that began on January 7, 2025. Affected taxpayers now have until October 15, 2025, to file various federal tax returns and make payments. Affected areas The ta...

The IRS has announced that the 2025 tax season will begin on Monday, January 27, 2025, offering expanded tools and features for taxpayers as part of the agency’s ongoing modernization efforts. This year's improvements are expected to enhance the tax filing process and make it easier for taxpayers to access ess...

Form 8960 may sound like just another tax form, but for high-income earners, it’s a key document. If you’ve got rental income, dividends, or capital gains and your earnings exceed a certain threshold, this form likely has your name on it. Let’s break it down so you can tackle it with confidence – and ma...