When Pennsylvania couples go through a divorce, the relationship doesn't always stay amicable. However, when that couple has children, both parties typically realize that it’s important to work together for the good of their kids. There are some basic steps that you...
Month: April 2023
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The 1031 like-kind exchange tax benefit
The 1031 exchange could offer qualifying Pennsylvania residents a significant tax break. The tax break could go to those who sell investment properties or businesses, but the taxpayer must meet the requirements necessary to receive the tax benefit. Elements of the...
Do Pennsylvania teens need to file tax returns?
Teens in Pennsylvania might need to file tax returns. They must file if they have made over $1,250 in unearned income or over $13,850 in earned income. The thresholds may change based on the tax year, so always check the current limits. Tax refund Some teens may be...