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What do the codes mean on W-2 Box 12?

Box 12 codes A: Uncollected social security or RRTA tax on tips reported to your employer. AA: Designated Roth contributions under a section 401(k) plan. ...

Aug 26, 2026 • 1 READS

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Is a 1098 Good or bad?

If you or your parents paid qualified tuition and college-related expenses during the tax year, you’ll likely receive a Form 1098-T from your school. This...

Aug 26, 2026 • 1 READS

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Does Louisiana tax your Social Security?

The state of Louisiana does not tax Social Security income. Social Security retirement benefits earned by Louisiana residents may still be subject to fede...

Aug 26, 2026 • 1 READS

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What is mortgage deviation?

Marital mortgage deviation: Another expense which may be considered when calculating spousal support is the mortgage on the marital residence. It is assum...

Aug 26, 2026 • 1 READS

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How to calculate gain or loss on Form 4797?

In order to determine how much of a gain or loss you might need to report on IRS form 4797, you’ll to do a bit of math. First off, you’ll have to calculat...

Aug 26, 2026 • 1 READS

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How much can you make with Social Security before it is taxable?

En español | If your total income is more than $25,000 for an individual or $32,000 for a married couple filing jointly, you must pay income taxes on your...

Aug 26, 2026 • 1 READS

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Do you have to send a 1099 to an independent contractor?

If the company paid you less than $600, it doesn’t have to send you a 1099-MISC. A Form 1099-MISC is to independent contractors what the Form W-2 is to em...

Aug 26, 2026 • 1 READS

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What province does not have provincial tax?

Alberta, Yukon, Nunavut, and the Northwest Territories have no provincial sales taxes and only charge the 5 percent GST. Do you add provincial and federal...

Aug 26, 2026 • 1 READS

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Does a grantor trust end when the grantor dies?

Upon the death of the grantor, grantor trust status terminates, and all pre-death trust activity must be reported on the grantor’s final income tax return...

Aug 26, 2026 • 1 READS

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Can you deduct assisted living costs on taxes?

If you or your loved one lives in an assisted living community, part or all of your assisted living costs may qualify for the medical expense tax deductio...

Aug 25, 2026 • 1 READS