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Understanding Your W-2 Income: A Guide to Reporting Your Wages and Salary
I. W-2 Income and Purpose of Official Forms The W-2 form is a key paper that gives a summary of an employee’s yearly pay and the taxes their employer held back. This form goes to employees, not those working independently, to help with correct tax filing with the IRS. Knowing about this form is important…
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Who Qualifies as Your Dependent? – Rules for Claiming Children and Other Dependents
Disclaimer: We’re tax pros, not magicians—following these rules won’t make your in-laws your dependents (no matter how much they “depend” on you). Always check with a tax professional if you’re unsure! Why claiming dependents matters. When you’re filing your own taxes in 2025 (Tax Year 2024), chances are you might have a family that could…
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What is Included on Your 2024 Tax Return Header?
When you are filling out the header of your 1040 form in 2025, it may feel easy or routine as you fill in each box. However, just one letter or number entered incorrectly on your tax return could make you wait. You need to be extra certain the social security and name match what you…