Category Life Events

A Schedule K-1 shows your share of income from a partnership, S-Corp, or trust. Here's what the form means, why it arrives late, and how to report it on your return.

Student loan forgiveness sounds like a win—until you get a tax bill. Here's which forgiveness programs are taxable, which are exempt, and what to expect from the IRS.

Debt discharged in bankruptcy can affect your taxes in unexpected ways. Here's how the IRS treats cancelled debt, what exclusions apply, and what forms to expect.

Caring for an aging parent may qualify you for valuable tax breaks. Learn about the dependency exemption, medical deductions, and caregiver credits available.

Foster parents may qualify for valuable tax credits and deductions—but the rules are unique to foster care. Here's what the IRS allows and how to claim it.

Losing a spouse is devastating—and figuring out your taxes shouldn't add to the burden. Here's how to file the year of loss and the years that follow.

The adoption tax credit can offset thousands in qualified expenses. Here's how much you can claim in 2025, what expenses qualify, and how to file Form 8839.

Buying a rental property changes your taxes significantly. Here's what first-time landlords need to know about reporting income, deducting expenses, and depreciation.

The tax rules for alimony changed dramatically in 2019. Whether you pay or receive it, here's how the TCJA affects your return depending on when you divorced.