Features like document import and deduction-finding tools can help maximize your refund, but it’s important to consider whether you actually need the higher-tier upgrades or expert help. Not every filer will benefit from these paid add-ons, so review your tax situation carefully before choosing a version. Finally, users can file state tax returns through TurboTax…
When a company decides to pay out dividends to its shareholders, it reduces the amount of retained earnings available for reinvestment or other purposes. The decision to distribute dividends reflects the company’s strategy and financial health. Yes, retained earnings can turn negative if a company consistently loses money or pays out more in dividends than…
I indicated that I made student loan payments during the year, which triggered on the next screen a button where I could “start” telling TurboTax about the student loan interest I paid during the year. The interest income input screen was very self-explanatory and followed the flow of Form 1099-INT rather well. After your W-2…
It includes (1) Determination of standard quantity of material required, and (2) Determination of standard price per unit of material. Actual costs are compared with the standards costs and variances are determined. Through fixing standards, certain waste such as material wastage, idle time, lost machine-hours, etc. is reduced. Standard costing facilitates inventory control and simplifies…
In this case, your child lived with each of you an equal amount of time so neither of you is the custodial parent as you both had custody. When this occurs, the IRS gives the dependent exemption to the parent with the highest adjusted gross income. Your AGI is your income before the exemption, and…
That can help boost your credit score if you then keep your credit card expenses low compared to a high credit limit, due to the factor known as credit utilization ratio. In this guide, we’ll examine why and how to calculate your yearly income, depending on how you’re paid. But your income may impact your…
The reasons behind these price variations are multifaceted, encompassing interest rate movements, credit ratings, and time to maturity. Understanding these nuances allows investors to make informed decisions and potentially capitalize on the opportunities presented by bonds trading at a discount. It’s a strategic play that balances risk and reward, often leading to favorable long-term investment…