Titanic shifts in the United States tax code continue to rock American taxpayers. Under the Tax Cuts & Jobs Act of 2017 (TCJA) if you are a divorced parent, separated spouses or an unmarried parent, you may now be unable to fight over their children’s 2018 dependency exemptions in 2018 because lawmakers have eliminated the exemption.In 2017, the U.S. Congress … Read More
Clarifying the changes to the 2018 tax deduction for child
Titanic shifts in the United States tax code continue to rock American taxpayers. Under the Tax Cuts & Jobs Act of 2017 (TCJA) if you are a divorced parent, separated spouses or an unmarried parent, you may now be unable to fight over their children’s 2018 dependency exemptions in 2018 because lawmakers have eliminated the exemption.In 2017, the U.S. Congress … Read More
Clarifying the changes to the 2018 tax child credit
Titanic shifts in the United States tax code continue to rock American taxpayers. Under the Tax Cuts & Jobs Act of 2017 (TCJA) if you are a divorced parent, separated spouses or an unmarried parent, you may now be unable to fight over their children’s 2018 dependency exemptions in 2018 because lawmakers have eliminated the exemption.In 2017, the U.S. Congress … Read More
Clarifying the changes to the 2018 refundable child tax credit
Titanic shifts in the United States tax code continue to rock American taxpayers. Under the Tax Cuts & Jobs Act of 2017 (TCJA) if you are a divorced parent, separated spouses or an unmarried parent, you may now be unable to fight over their children’s 2018 dependency exemptions in 2018 because lawmakers have eliminated the exemption.In 2017, the U.S. Congress … Read More
Clarifying the changes to the 2018 federal child tax credit
Titanic shifts in the United States tax code continue to rock American taxpayers. Under the Tax Cuts & Jobs Act of 2017 (TCJA) if you are a divorced parent, separated spouses or an unmarried parent, you may now be unable to fight over their children’s 2018 dependency exemptions in 2018 because lawmakers have eliminated the exemption.In 2017, the U.S. Congress … Read More
Clarifying the changes to the 2018 family tax credit
Titanic shifts in the United States tax code continue to rock American taxpayers. Under the Tax Cuts & Jobs Act of 2017 (TCJA) if you are a divorced parent, separated spouses or an unmarried parent, you may now be unable to fight over their children’s 2018 dependency exemptions in 2018 because lawmakers have eliminated the exemption.In 2017, the U.S. Congress … Read More
How the TCJA Changed Dependency Exemptions for Separated Parents Clarifying the changes to the 2018 dependent tax credit
Titanic shifts in the United States tax code continue to rock American taxpayers. Under the Tax Cuts & Jobs Act of 2017 (TCJA), divorced, separated, or unmarried parents can no longer contest who claims their children’s dependency exemptions. This is because lawmakers completely eliminated the exemption, reducing it to $0 starting in the 2018 tax year. Passed by Congress in … Read More
Clarifying the changes to the 2018 dependency exemption
Titanic shifts in the United States tax code continue to rock American taxpayers. Under the Tax Cuts & Jobs Act of 2017 (TCJA) if you are a divorced parent, separated spouses or an unmarried parent, you may now be unable to fight over their children’s 2018 dependency exemptions in 2018 because lawmakers have eliminated the exemption.In 2017, the U.S. Congress … Read More
Clarifying the changes to the 2018 child tax deduction
Titanic shifts in the United States tax code continue to rock American taxpayers. Under the Tax Cuts & Jobs Act of 2017 (TCJA) if you are a divorced parent, separated spouses or an unmarried parent, you may now be unable to fight over their children’s dependency exemptions in 2018 because lawmakers have eliminated the exemption.In 2017, the U.S. Congress passed … Read More
Clarifying the changes to the 2018 child tax credit worksheet
The Tax Cuts & Jobs Act of 2017 (TCJA) drastically changed tax rules for American families. Among the most impactful reforms: the elimination of the dependency exemption for children starting in the 2018 tax year. Previously a key point of contention for divorced or separated parents, the dependency exemption is now valued at $0. This change, however, does not apply … Read More
Clarifying the changes to the 2018 child tax credit phase out
Titanic shifts in the United States tax code continue to rock American taxpayers. Under the Tax Cuts & Jobs Act of 2017 (TCJA) if you are a divorced parent, separated spouses or an unmarried parent, you may now be unable to fight over their children’s dependency exemptions in 2018 because lawmakers have eliminated the exemption.In 2017, the U.S. Congress passed … Read More
Taxpayer Bill of Rights Part 2
Taxpayer’s Bill of Rights Part 2 As taxpayers, most of us probably think that whatever the IRS says goes and that we as taxpayers don’t have much recourse. However, as a taxpayer in the United States you do have rights and they are documented in the Taxpayer Bill of Rights. One of the rights listed on the IRS website at … Read More
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