Tag Archives: taxes.’

Dear MarketWatch,  I am trying to come up with a path to retire within the next two to three years and need some help. I will be 54 this summer and my wife is 48. Between us we make about $ 210,000 a year. We currently have about $ 1.6 …

Dear Quentin, I’m confused. My parents claimed me on their 2019 taxes (which was fine and agreed upon). However, I got married and filed my own 2020 taxes. When the third stimulus checks were released, my parents had not filed their 2020 taxes yet, so they received stimulus money for …

You no longer must buy another home in order to claim the capital-gains exemption. An earlier version of this article incorrectly said you had to. Dear Ms. MoneyPeace: My first wife died in 2013 and I remarried in 2014. My will gives my wife my house. I have owned four …

Dear Quentin, My husband received a text from his ex-wife demanding part of the latest stimulus check for their two children. My husband received their stimulus checks for their boys because in their divorce settlement he was granted the ability to claim both boys as dependents on his taxes for …

Dear Catey, We are a physician and engineer couple planning to retire in 10 to 15 years. After spending most of our adult lives in several cold places (Wisconsin and Illinois, among them), we would like to move south and retire there. Our plan is to take up jobs in …

As interest rates plummeted throughout 2020, mortgage refinancing became a major avenue to saving money in the midst of the coronavirus pandemic. But those who took the plunge need to be aware of how opting to refinance could affect their taxes insofar as deductions are concerned. The Mortgage Bankers Association …

Dear Quentin, My husband and his brother inherited their family home. When they were able to take possession our son and his family needed a place to live. The brother was quite willing to let them move in and, in lieu of paying him rent for his 50%, my husband …

Treasury Department Secretary Janet Yellen is not big on bitcoin, a point she reiterated recently when she called the digital currency speculative and “inefficient.” That doesn’t mean Yellen and the department she leads — which includes the Internal Revenue Service — don’t care about the cryptocurrency. Now that it’s income …

Dear MarketWatch, I’d like to retire in a no (or low) state-income-tax state near water and a state or national park. I want red politics but with (hopefully) legal pot (medical or recreational), and weather that isn’t too cold. I’d compromise on the pot for Texas, if necessary.  I don’t …