At a Glance The average student loan debt in Arizona is around $34,712, with significant variations across counties. Maricopa County, encompassing Phoenix, reports higher debts averaging $38,500 due to its dense concentration of higher education institutions. In contrast, Pinal County has a lower av…
At a Glance IRS Form 843 is utilized for claiming refunds or requesting abatements on overpaid non-income taxes, penalties, fees, or interest. It applies in scenarios like incorrect penalty assessments, employment tax corrections, specific credits, and trust fund recovery penalties. To complete, pro…
At a Glance U.S. persons must file Form 926 if they transfer property to a foreign corporation and meet certain ownership or value thresholds. Transactions that require reporting include property or cash transfers for stock or interests when specific conditions are met. The filing process involves d…
At a Glance Complete IRS Form 706 for estates over certain values. Detail tax obligations under Chapters 11 (estate tax) and 13 (GST tax) of the Tax Code. File timely, report assets fairly, claim deductions, avoid common mistakes, and consult professionals for accurate completion. Navigating the com…
At a Glance IRS Form 2441 lets you claim the Child and Dependent Care Credit for eligible childcare or dependent care expenses, necessary for you to work or seek employment. Qualifying costs include payments for care services for children under 13 or incapacitated dependents. Correctly identifying c…
At a Glance Deductible dental expenses exceed 7.5% of AGI and must be itemized on Schedule A (Form 1040). Costs include preventative care, treatments, and surgery—excluding cosmetic procedures. Keep detailed records; non-reimbursed, necessary expenses qualify. Consult IRS guidelines for updates. Den…
At a Glance Medical expenses can be tax-deductible, but eligibility hinges on exceeding 7.5% of your AGI. Deductible expenses cover diagnosis, treatment, and prevention of disease. Non-deductible items, like gym memberships, are typically unrelated to medical conditions. Itemizing deductions on Form…
At a Glance DHS authorization links a non-citizen’s work eligibility to their Social Security card acquisition. For a non-citizen to apply, proof of DHS approval is required, often via an Employment Authorization Document. Employers must verify work eligibility, typically through Form I-9, and…
At a Glance Average student loan debt in Maryland: $39,505 (60% federal, 40% private loans). Prestigious universities contribute to high tuition fees and student debt. Maryland offers repayment programs (Janet L. Hoffman LARP, John R. Justice Grant) and alternative solutions (SmartBuy, SmartWork). C…
At a Glance Indiana offers student loan forgiveness through programs like the Richard M. Givan LRAP for public service workers. Law schools, such as Indiana University Maurer and Notre Dame, have their own loan assistance programs. Ensure eligibility, apply with necessary documents, and explore fede…