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Stimulus check update: Parents can save more money in flexible spending accounts (FSA) under new law

Stimulus check update: Parents can save more money in flexible spending accounts (FSA) under new law
Updated Mar 14, 2021;
These accounts allow employees to save money, before taxes, to use to pay for child care expenses for children under age 13 or costs for qualifying dependent adults who share the household. Saving the funds pre-tax can lower a family’s overall taxable income.
Parents can usually save $5,000 in an FSA, but the latest stimulus bill more than doubles that amount to $10,500. The change is for 2021 only.
The funds can be used for day care, summer camp and pre-school tuition. They can also be used to pay for adult day care costs. ....

Gail Rosen , கெயில் ரோஸன் ,

Stimulus check update: Parents can save more money in flexible spending accounts (FSA) under new law

Stimulus check update: Parents can save more money in flexible spending accounts (FSA) under new law
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Gail Rosen , கெயில் ரோஸன் ,

Tax Tricks and Loopholes Only the Rich Know

Tax Tricks and Loopholes Only the Rich Know
John Csiszar
March 6, 2021, 11:00 AM
Manchester, NH - August 15, 2019: President Donald Trump speaks during campaign MAGA rally at Southern New Hampshire University Arena
On Sept. 27, The New York Times released a bombshell report on President Donald Trump’s tax records. After looking through more than two decades worth of tax return data, the Times reported that Trump paid no federal income taxes in 11 of 18 years that were examined. According to the report, he did pay income taxes in 2016 and 2017 in the amount of $750 each year.
Trump questioned the accuracy of the Times report in a Sept. 28 tweet: “I paid many millions of dollars in taxes but was entitled, like everyone else, to depreciation & tax credits.” ....

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Does my child have to file a tax return for survivor benefits?

Filing a tax return may depend on your total income amount. ....

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10 Biggest Tax Questions for Married Couples

10 Biggest Tax Questions for Married Couples
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