Q1: How much does an unmarried dependent student have to make before he or she has to file an income tax return?

Q2: If I claim my daughter as a dependent because she is a full-time college student, can she claim herself as a dependent when she files her return?

Q3: For head of household filing status, do you have to claim a child as a dependent to qualify?

Q4: How do I know if I have to file quarterly individual estimated tax payments?

Q5: I retired last year, and started receiving social security payments. Do I have to pay taxes on my social security benefits?

Q6: What filing status should I claim?

Q7: Is there an age limit on claiming my children as dependents?

Q8: Can I claim my spouse as a dependent?

Q9: Is alimony deductible?

Q10: Is child support deductible?

Q11: Is interest paid on a home equity line of credit deductible as a second mortgage?

Q12: Why can't I itemize my deductions?

Knowing the basics concerning capital loss and taxes can help maximize deductions and influence decisions concerning buying and selling securities and investments.
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