Taxes & Economy Questions

Zelle reportable?

If I send money through Zelle in 2022 will the recipient need to claim it on their taxes?

Advance Child tax Credit payment

Hi Terry I enjoy listening to you on WGN. My question pertains to the Advance Child Tax Credit payment that..

W-2

Hey Terriy! I worked for a construction employer, January through April last year and have not received my W-2. I’ve..

Taxes

Even tho I’m on full disability should I file taxes I make under $900.00

Child tax credit

I haven’t worked since 2018. I dont have earned income. My daughter claims me and my 16 yr old son..

Taxes

The stock market was to good for us so we owe$11000 in taxes. Can payment be split up so it’s..

EE Series Savings Bond

I have Series EE $100 savings bonds that have matured. Is this a good time to cash them in, or..

Mistake on 2021 return electronically filed

I helped prepared my son’s 2021 1040 with Turbo Tax electronically. It has been accepted and as soon as it..

Earned Income Credit

Do I need to attach any forms or schedules to my 1040 when claiming an earned income credit? Or do..

How To Correct Mistake On 2020 Return

I just realized my mother’s 2020 federal tax return did not have a box checked at the top of page..

Track estate IRS return

To set up an IRS account to track my sister’s 2020 estate tax return do I use the estate SS#,..

Lack of IRS response

Still awaiting refunds from 2018? I’m patient but this is borderline ridiculous. Thanks and love you on WGN radio in..

Interest rates/Inflation

Dear Terry, Always respect your opinions on everything and wanted yours on this. I realize that inflation is at its..

Tax Deductions for home office

My husband and I have both moved to remote working in the last 2 years and have set up 2..

Income Tax Identity Theft

I received a Notice CP11 from IRS showing I owe $7000 due to tax computation error on a 202l return...

Freefile fillable forms in queue only

I filed usinf free file fillable forms on the irs website. I got email stating it was received and is..

2020 taxes

When I check “where’s my refund” with IRS site it doesn’t even acknowledge receiving my 2020 taxes. I recieved my..

Amended taxes

I e-filed my 2020 tax and two months later sent a paper copy amendment. In your experience, will the IRS..

2020 Illinois tax adjustment for unemployment wages

Illinois was going to automatically adjust tax returns for 2020 taxes for the elimination of the $10k of unemployment wages..

2020 tax refunds

I filed amended returns to both the state of Illinois and the Fed last May and I have yet to..

money

ASK TERRY

a personal
finance question