Federal Income Tax

Are College Stipends Subject to Income Tax?

When you attend college you may receive scholarships, fellowships or grants. You might also receive stipends to cover expenses, or…

2 months ago

Expiration of Mortgage Debt Relief Act at the End of 2012

An important federal income tax provision that provides relief on the forgiveness of mortgage debt is scheduled to expire at…

2 months ago

Federal Income Tax and Self-Employment Tax on Income from an Internship

When you work an internship, you may do it for the experience, without pay. Or you might be paid as…

4 months ago

When Are You Considered a Dual-Status Alien for U.S. Tax Purposes?

Generally, if you are a resident of the U.S., you are subject to U.S. federal income tax in the same…

2 years ago

Is There a Minimum Age for Filing a Federal Income Tax Return?

There is no minimum age for filing a federal income tax return. If you are under age 18 you may…

2 years ago

State Income Tax Benefits in Alabama

If you are a resident of Alabama you are subject to state income tax on your income from all sources,…

3 years ago

Tax Withholding on Commissions and Bonuses

If you receive commissions and bonuses in addition to your regular salary or wages, you may find that federal income…

4 years ago

Who is Considered Married for U.S. Federal Income Tax Purposes?

Whether or not you are considered married has significant consequences for federal income tax purposes. If you are considered married…

4 years ago

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