Tax-filing season may be months away, but certain tax matters are best considered before the calendar year ends. The IRS’s…
An updated IRS ruling now allows IRA owners under age 59½ to dramatically increase the amount of money they can…
Tax audits haven’t been high on most Americans’ list of concerns lately. IRS funding cuts and staffing shortages reduced the…
Nothing is certain except death and taxes—and that widows and widowers will discover that the former makes the latter more…
The IRS is always challenging taxpayers on matters ranging from business expenses to legal settlements to unusual assets. Thousands of…
Whether you take the standard deduction or itemize for the 2021 tax year, here’s what deductions you can take, including what has changed.
The $1.9 trillion American Rescue Plan Act received plenty of publicity for providing a third round of stimulus checks and…
Provisions in last year’s financial stimulus bill may have an effect on your income tax filing for medical expenses, donations and/or your retirement.
The pandemic will make this year’s tax return preparation a bit different than most years. Here’s what you need to watch out for.
The new tax law contains a lot of changes to deductions. Here’s what you need to know.
As gold and silver prices have soared, your tax bite can vary a lot depending on whether you invest in coins, ETFs or mining stocks. Here’s how to choose.
Big developments ranging from the pandemic and recession to new retirement plan rules could affect your taxes for this year.
For the first time in decades, there are great opportunities to offset stock gains with stock losses, but you have to be strategic and avoid mistakes.
A change in the tax rules for children with unearned income could mean a big break for many families.
Seven states where the overall tax burden is low and there is no estate tax or tax on Social Security benefits or income tax unless otherwise noted.
