general
What do the codes mean on W-2 Box 12?
Box 12 codes A: Uncollected social security or RRTA tax on tips reported to your employer. AA: Designated Roth contributions under a section 401(k) plan. ...
Aug 26, 2026 1 views
Browsing Resource
General
Expert insights and detailed technical documentation about General.
general
How much capital loss can I carry over to next year?
You’re limited to $3,000 per year in net capital losses that you can deduct from your other income, but this doesn’t mean that any losses over this amount...
Aug 26, 2026 1 views
general
Do you have to prove standard deduction?
If you think your itemized deductions could be higher than the standard deduction, you might want to consider itemizing on your return. When filing, you’l...
Aug 26, 2026 1 views
general
Is it a Turbo Tax problem or user error?
This isn’t a Turbo Tax problem so much as it is a user error. You have to install the updates before you file your tax return or it could easily be wrong....
Aug 26, 2026 1 views
general
Does a grantor trust end when the grantor dies?
Upon the death of the grantor, grantor trust status terminates, and all pre-death trust activity must be reported on the grantor’s final income tax return...
Aug 26, 2026 1 views
general
How was your 1st day at work answer?
Sample Answer 2: I am currently working in a company and I still remember the first day of my job. I was very excited and happy to get the job. I did my p...
Aug 26, 2026 1 views
general
Does putting student loans on deferment hurt your credit?
How do student loan deferment and forbearance affect your credit score? Neither deferment nor forbearance on your student loan has a direct impact on your...
Aug 26, 2026 1 views
general
Should I deduct sales or income tax?
You can’t deduct both: You must choose between income tax and sales tax. As a general rule, you should deduct whichever is more. However, because of the a...
Aug 26, 2026 1 views
general
Do you have to pay back child support to your ex?
Settlement with Your Ex. In some cases, your ex might waive some of what you owe in back child support, reducing what you need to pay. Often this includes...
Aug 26, 2026 1 views
general
When to turn your hobby into a business?
Understand what you want out of your business and what it might take to get there. If you don’t get to question 3, then move on and simply enjoy your hobb...
Aug 25, 2026 1 views
general
Who are the partners in a S corporation partnership?
They can use an S corporation partnership. The partnership’s partners will include Olympia’s S corporation, Susan’s S Corporation and then Diane, the indi...
Aug 25, 2026 1 views
general
How much of my State Pension will my wife inherit?
If you were married to your spouse or civil partner before 6 April 2016 you may be able to inherit up to half of your partner’s Additional State Pension o...
Aug 25, 2026 1 views
