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Sandy Botkin

Dependent Care Credit

I love tax credits. They are a yummy dollar-for-dollar reduction in your taxes. It is like receiving free tax-free money. One such credit that we will be discussing is the dependent care credit. Generally expenses for the care of children under age 13 and for qualifying relatives, such as aging parents who live with you...Read More

Sandy’s “Angry” Thoughts

Throughout my life I keep running into people who say thoughtless and sometimes hurtful things. One of my friends just experienced that with a former close friend of hers. Thus, I thought I would post this in order to have people really watch what they say because WORDS DO MATTER!! There once was a little...Read More

U.S. Armed Forces & Taxes: Delta

Part 4: Filing Tax Returns… 1Normally, Americans must file their tax return (IRS Form 1040) by April 15th of the following year. However, an automatic extension applies until June 15th, if the individual is out of the country. This includes serving in the Military on an assigned tour of duty outside of the U.S. and...Read More

U.S. Armed Forces & Taxes: Charlie

Part 3: Tax Credits for members of the military… Earned Income Tax Credit Normally, this credit is only available if your main home is in the U.S. However, military personnel stationed outside the U.S. on active duty are considered to live in the U.S. during that period for the earned income credit. Child Tax Credit...Read More

U.S. Armed Forces & Taxes: Beta

Part 2: Tax benefits of being in the military… Military Base Realignment and Closure Benefit Here is one benefit that I would bet many military personnel don’t know about.. Payments made under the Homeowner’s Assistance Program (HAP) are generally excludable from income. Isn’t that nice? Thus, if the soldier is transferred or the base is...Read More

U.S. Armed Forces & Taxes: Alpha

Members of the U.S. Armed Forces face various challenges, from frequent moves (often abroad) to significant out-of-pocket expenses. Fortunately, the Code contains special provisions that help alleviate the tax burdens associated with some of these challenges. So, here is Part 1 of tax breaks to keep in mind for all military personnel: Combat Zone Exclusions Members...Read More

Sandy’s “Healthy” Thoughts

For my thought for the week, I thought I would share part of a conversation that I had with a friend. I was telling my friend that I changed my eating habits to that of a “Piscaterian” as well as exercising daily in addition to taking certain supplements. I suggested that, statistically, this life style...Read More

News You Can Use: July 2019 (Part 2)

1Whenever there is something very newsworthy, such as a hurricane, you can bet there will be scammers taking advantage of the publicity. According to the FTC, imposter scams are on the rise, where these people pose as fake government officials such as safety inspectors or utility workers who will claim immediate work is required. Always...Read More