The Qualified Business Income deduction (QBI deduction, for short) is a wonderful tax break for people who are self-employed and…
Too young to vote doesn’t necessarily mean too young to file a tax return. In fact, minors who have significant…
Most Americans agree that the US tax code is too complicated. It can be even more impenetrable for taxpayers who…
If you sell an asset at a profit, you’ve generated a capital gain. Does that mean you will owe the…
Federal income tax rates haven’t changed dramatically for the better part of a decade—they’ve ranged from 10% up to 37%…
What’s the outlook for the economy and the two-year-old equity bull market after President Donald Trump’s shocking political comeback and…
Who wouldn’t love to avoid paying tax on their income? Well, in some cases, you can. Here’s what you need…
Taxpayer alert: After clawing back more than $1 billion in back taxes last year, a more assertive IRS has pledged…
Did you get a big tax refund last year…or were you left wondering, Why is my federal refund so low?…
Every four years, America holds a Presidential election…and early the following year, many American taxpayers make an unwelcome discovery—the political…
Hoorah! You received a year-end bonus from your employer. But the bonus check you receive likely is less than you…
A married couple helps their adult child make a downpayment on his first home. A woman pays her aging mother's…
Owning a second home can create unexpected tax traps as well as tax-saving opportunities, says attorney Timothy B. Borchers, coauthor…
Year-end tax planning presents a particular challenge in 2024 because there’s so much uncertainty about what taxes will look like…
So where do you keep all those tax documents? There are several potential solutions—but only one truly makes sense. You…
