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In 2010, like the Federal Estate Tax, the generation-skipping transfer tax was briefly repealed. In that year, the GST tax rate was effectively zero. [9] However, the law that created increased exemptions and the ultimate repeal of the GST tax expired on December 31, 2010. [10] In 2016, the exemption was $5.45 million per person.
Grandparent visitation is a legal right that grandparents in some jurisdictions may have to have court-ordered contact (or visitation) with their grandchildren. In no case is contact between grandparents and children considered an inalienable right .
According to a 2003 U.S. Census Bureau report, 2.4 million grandparents had primary responsibility for their coresident grandchildren younger than 18. [3] Among grandparent caregivers, 39 percent had cared for their grandchildren for 5 or more years. [4] 594,000 grandparents nationally are raising children below the federal poverty level. [5]
TurboTax, which the Federal Trade Commission sued last year for “its deceptive ‘free’ filing campaign,” is also offering free federal and state filing on simple returns. TurboTax’s free ...
For tax year 2021, the adjusted gross income (AGI) limit to use Free File is $73,000, up from $72,000 in tax year 2020. If your AGI is higher than $73,000, you can still use the free fillable ...
Nearly every working U.S. citizen and permanent resident has to file taxes every year, but not everyone goes about it in the same way. See: The 7 Worst Things You Can Do If You Owe the IRSNext:...
Troxel v. Granville, 530 U.S. 57 (2000), is a case in which the Supreme Court of the United States, citing a constitutional right of parents to direct the upbringing of their children, struck down a Washington law that allowed any third party to petition state courts for child visitation rights over parental objections.
On the campaign trail, Trump promised a variety of tax breaks, including removing the TCJA’s $10,000 cap on the deduction for state and local taxes, and eliminating taxes on tip income, overtime ...
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