Employee Tax Expert
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Hello! I'm an Enrolled Agent with over 30 years of experience in taxes and accounting. Before that I was a Corporate Systems Analyst in Manhatten.
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There is no Federal credit for contributing to a 529 account. There are federal Education Credits you can claim if you, your spouse or your dependent were ...
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If you owe the IRS 2 years in a row, the IRS can legally determine you needed to pay Quarterly Estimated Taxes for the balance. The last quarterly payment is du...
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When you say you have no W-4, do you mean you have no income to report to NY State or NYC? The NY State return has 2 Education deductions that can potential...
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On the initial home sale, you can prorate the Credit even if you do not meet the full 2 year requirement.
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Are there any other questions we could help with on this? We want to be sure you feel you understand all the tax consequences of this.
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