Divorce and Taxes
This handout defines the tax status of taxpayers who are separated or divorcing. It also provides information on property transfers, alimony, and child support.
HIGHLIGHTS:
- Filing status.
- Joint responsibility for taxes.
- Property settlements and transfers.
- Deducting the cost of divorce.
- Alimony payments.
- Child support payments.
Education Tax Benefits
This handout discusses the education tax benefits. It also provides a comparison of the education credits and discusses the education savings plans.
HIGHLIGHTS:
- Deduction of education expenses.
- Education tax credits.
- Penalty-free IRA distribution for education.
- Education savings plans.
- Exclusions from gross income.
Education_Tax_Benefits_2021.pdf
Families With Children
This handout provides a listing of various tax credits available for families with children. The rules and limits for each credit are outlined.
HIGHLIGHTS:
- Child Tax Credit and Additional Child Tax Credit.
- Child and Dependent Care Credit.
- Earned Income Tax Credit.
- Adoption Expense Credit.
- Lifetime Learning Credit.
Families_With_Children_2021.pdf
Families_With_Children_Spanish_Version_2021.pdf
Advance Child Tax Credit
HIGHLIGHTS:
- Advance Child Tax Credit Payments
- Payments Start July 15, 2021
- Filed Already?
- Haven’t Filed Yet?
- Lifetime Learning Credit.
- Unenroll
Advance_Child_Tax_Credit_2021.pdf
College Financial Aid Planning
HIGHLIGHTS:
- College Financial Aid Planning
- Planning Strategies
College_Financial_Aid_Planning_2021.pdf
Consumer Credit
HIGHLIGHTS:
- Victims of Credit Card Fraud or Identity Theft
- Credit Counselors
- Debt Management Plan (DMP)
- Debt Negotiation Programs
- Protect Yourself
Financial Planning Guide
HIGHLIGHTS:
- Personal Financial Planning
- Income Tax Planning
Financial_Planning_Guide_2021.pdf
Financial Planning Guide
HIGHLIGHTS:
- High-Income Taxpayers
- Capital Gain Tax Rates
- Itemized Deductions and Personal Exemptions
- Individual Retirement Arrangements (IRAs)
- Child Tax Credit
- Credit for Other Dependents
- Adoption Expenses
- Additional Medicare Tax
- Education Benefits
- Qualified Business Income
- Gift Exclusion
- Estate Tax Exclusion
High-Income_Taxpayers_2021.pdf
Moving Out Worksheet
HIGHLIGHTS:
- Moving Out Worksheet
Newlywed Tax Tips
HIGHLIGHTS:
- Tips for Newlyweds
Saving for College
HIGHLIGHTS:
- Custodial Accounts (UTMA/UGMA)
- Savings Bond Interest Exclusion
- Qualified Tuition Plans (QTPs) & Educational Savings Accounts (ESAs)
Saving for Retirement
HIGHLIGHTS:
- Traditional IRA
- Prohibited Transactions Involving IRAs
- Roth IRA
- SIMPLE IRAs
- Defined Contribution Plans
- Retirement Savings Contribution Credit