Family and Taxes

The Latest

  • August 10, 2014

    As many are still recovering from the Great Recession, the idea of having income (or even excess income) subject to tax is the last thing people want to think about. 

    Generally, tax law defines income as “undeniable accessions to wealth”...

  • February 24, 2014

    This article is second in a series titled “Tax Benefits for Education.” Read the first article HERE: Tax Breaks for Tuition and Fees

    The IRS offers a variety of education tax...

  • October 15, 2013

    The summer of 2013 will always be remembered for the pair of victories awarded to gay rights by the Supreme Court.

    One ruling overturned a provision of the 1996 Defense of Marriage Act and granted same-sex marriages federal benefits. The...

  • April 4, 2013

    If you got married last year, you’ll be checking the “married, filing jointly” box on your tax return. As a couple, your taxes will go up or down, depending on what each of you earns.

    If one of you earns most of the income, you get a...

  • March 21, 2013

    You do — which comes to most people as a surprise.

    You probably know that you owe a nanny tax on the wages of a regular babysitter. That same tax applies to any household employee. That includes someone you hire to clean your house, even...

  • March 17, 2013

    NEW YORK (MainStreet) — American newlyweds have cleared one financial hurdle already, paying on average more than $25,000 for a wedding in 2012, according to...