science

What happens if you put too much money in your SEP IRA?

Excess contributions are included in employees’ gross income. Excess contributions left in the employee’s SEP-IRA after that time will be subject to the 6...

Mar 09, 2026 • 0 READS

science

Which is the most frequently asked tax question?

Frequently Asked Questions Click here to view relevant Act & Rule . In view of COVID-19 pandemic, the Central Board of Direct Taxes (CBDT) had extende...

Mar 09, 2026 • 0 READS

science

Can you retrieve tax return?

If you need an actual copy of your tax return, they are generally available for the current tax year and as far back as six years. The fee per copy is $50...

Mar 09, 2026 • 0 READS

science

At what age are you no longer considered a dependent?

You can claim dependent children until they turn 19, unless they go to college, in which case they can be claimed until they turn 24. If your child is 24 ...

Mar 09, 2026 • 0 READS

science

How is prize money taxed in California?

Here’s a look at how the IRS and the state of California classify prize money when it comes to taxes. Prize money is considered any money received from aw...

Mar 09, 2026 • 0 READS

science

What happens when you sell your home for a loss?

Since capital losses from the sale of a primary residence can’t be used to offset other capital gains or carried forward into future years, the loss provi...

Mar 09, 2026 • 1 READS

science

Why did I receive the EIP card?

If the IRS sent a previous stimulus check as an EIP card and plans to send you another payment the same way, you’ll receive a brand-new prepaid card with ...

Mar 09, 2026 • 0 READS

science

When is the deadline to file an amended tax return?

If you filed before the April deadline, the IRS considers the April deadline to be the filing date (for example, if you filed in January, you’d have until...

Mar 09, 2026 • 0 READS

science

Can I update my checking account for the stimulus check?

Your bank account information cannot be changed. The bank account information in Get My Payment came from one of the following sources: Your 2020 tax retu...

Mar 09, 2026 • 0 READS

science

How are lottery winnings taxed under federal and state taxes?

This is when a lottery tax calculator comes handy. How are lottery winnings taxed under federal and state? Lottery winnings are considered ordinary taxabl...

Mar 09, 2026 • 0 READS