Monthly Archives: January 2023
The Social Security Administration (SSA) provides financial assistance to children whose parents are disabled, retired, or have passed away. Last year, the SSA distributed around $3 billion each month to roughly 4 million children to help cover their basic necessities and support them through high school. These benefits are crucial for families who have lost […]
— Read more
A custodial parent is the parent with whom a child primarily lives. A non-custodial parent is the parent who does not have primary custody of the child. The custodial parent typically has the right to claim the child as a dependent on their tax return, and as such may be eligible for certain tax benefits […]
— Read more
The Form 1040, also known as the “U.S. Individual Income Tax Return,” is the primary form used by taxpayers to report their annual income and tax liability to the Internal Revenue Service (IRS). Every year, the IRS releases updated versions of the Form 1040 and its associated schedules and instructions, to reflect any changes in […]
— Read more
