As the years pass and the laws change, so do the frequently asked questions regarding taxes. Most individuals want to ensure they are filing competently and efficiently, our team at Hoods Tax & Accounting wants to ensure you do so too!
How do I notify the IRS of my change of address?
You can do so in multiple ways including;
Choose the method that best fits your daily life and worry no more!
Is there an age limit for claiming my child as a dependent?
Yes, there is an age limit to claiming your child as a dependent. However, there are other aspects to consider as well. If a child is disabled, they may be qualified to continue as a dependent under you. There are qualifying tests to determine other forms of disability, which can be found on the IRS website. Apart from a child who is disabled, in order to claim a child as a dependent, they must be younger than 19 or a student 24 or younger.
What is a split refund?
This is the ability to divide your refund in any desired proportion and direct deposit it into any three accounts within the United States. Fill out Form 8888 (Allocation of Refund) if you want to split your tax refund.
We hope that these answer the questions you have been asking! If you want more information on tax-related content, read more of our blogs, or contact us today!
Write something about yourself. No need to be fancy, just an overview.