Most Recent Manage Money News

Can I File Taxes If My Parents Claim Me?

Can I File Taxes If My Parents Claim Me?

Key Takeaways  Yes, you can file taxes even if your parents claim you. Dependency status does not prevent you from...

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Cryptocurrency Taxes Explained: What You Need to Know 

Cryptocurrency Taxes Explained: What You Need to Know 

Key Takeaways   Crypto is treated as property by the IRS. Any sale, trade, or spending of cryptocurrency can trigger taxable events,...

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Student Loan Interest Deduction: How Much Can You Really Claim? 

Student Loan Interest Deduction: How Much Can You Really Claim? 

Key Takeaways   The student loan interest deduction allows borrowers to deduct up to $2,500 per tax return, but actual savings...

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Should You Pay Off Credit Card Debt or Back Taxes First? 

Should You Pay Off Credit Card Debt or Back Taxes First? 

Key Takeaways  In most cases, it is better to pay off back taxes or stabilize them first because the IRS...

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How to Handle Taxes During a Legal Name Change 

How to Handle Taxes During a Legal Name Change 

Key Takeaways  A legal name change does not affect how much tax you owe, but it can affect whether the...

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Can Non-Citizens Qualify for IRS Tax Relief? 

Can Non-Citizens Qualify for IRS Tax Relief? 

Many people assume that IRS tax relief is reserved for U.S. citizens, but that belief is one of the most...

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How to File a Joint Return When One Spouse Lives Overseas 

How to File a Joint Return When One Spouse Lives Overseas 

Key Takeaways  Whether you can file joint taxes when married abroad depends on U.S. tax residency status, not where either...

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What is Form 1099-B?  | Optima Tax Relief

What is Form 1099-B?  | Optima Tax Relief

Key Takeaways  Form 1099-B reports proceeds from the sale or exchange of investment property, including stocks, mutual funds, ETFs, bonds, options, and...

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2026 Tax Changes: What You Need to Know 

2026 Tax Changes: What You Need to Know 

Key Takeaways  In 2026, federal income tax brackets are adjusted for inflation, meaning income thresholds rise while marginal rates remain the same,...

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Tax Differences Between HSAs and FSAs 

Tax Differences Between HSAs and FSAs 

Key Takeaways  HSAs offer long-term tax advantages through a triple tax benefit: tax-deductible contributions, tax-free growth, and tax-free withdrawals for...

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