Who claims the educator expense deduction, and did pre-K get added? The educator expense deduction is a $300 above-the-line adjustment under IRC §62(a)(2)(D) for teachers, aides, counselors, principals, and instructors. Congress has moved to extend it to pre-K and early childhood educators through H.R. 5334, the SEED Act. Every spring, teachers walk into our Los…
How do major life events affect my tax filing? Marriage, a new child, divorce, and the death of a loved one can all change your life events tax filing — from your filing status and withholding to the credits and deductions you can claim. Handling each event with the IRS the same year it happens…
What should newlyweds do about their taxes after the wedding? Follow a short newlywed tax checklist: update your name with the Social Security Administration, file a change of address with the IRS if you moved, give your employer a new Form W-4 within 10 days, pick a filing status, and combine your records — the…
What tax steps should newlyweds take after the wedding? Update your name with Social Security, file a fresh Form W-4 with each employer, tell the IRS if you moved, and model your return under both joint and separate filing status. This newlywed tax checklist walks through each step so next spring is calm, not chaotic….
