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Can a spouse on disability be claimed as a dependent?

While you can’t claim a disabled spouse as a dependent, there is a tax credit for which your spouse may qualify. Can someone on disability be claimed as a...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

Is a Dependant a spouse?

You do not claim a spouse as a dependent. When you are married and living together, you can only file a tax return as either Married Filing Jointly or Mar...

What is the difference between tax avoidance and tax evasion Philippines?

Tax evasion means concealing income or information from tax authorities — and it’s illegal. Tax avoidance means legally reducing your taxable income. What...

Do you need good grades to become a doctor?

While perfect grades are not required for medical school admission, premeds “would want to be in the mid-3.0 range and higher to feel relatively competiti...

What is a tax rate table?

A tax table is a chart that displays the amount of tax due based on income received. The tax rate in the table may be shown as a discrete amount, a percen...

Do I get a W-2 for military retirement?

Although most military members and federal civilian employees are required or encouraged to retrieve tax statements via myPay, some still receive W-2 form...

Was the movie Backdraft based on a true story?

The movie “Backdraft” was based loosely on the Hoff brothers. Ray Hoff spent most of his career working out of the station at 46th and Cottage Grove. Late...

What factor determines the strength of an acid?

The strength of an acid varies from solvent to solvent. An acid which is strong in water may be weak in a less basic solvent, and an acid which is weak in...

What is residential status under Income Tax Act?

From FY 2020-21, a citizen of India or a person of Indian origin who leaves India for employment outside India during the year will be a resident and ordi...

What is the IRS main purpose?

The IRS Mission The taxpayer’s role is to understand and meet his or her tax obligations. The IRS role is to help the large majority of compliant taxpayer...