Selling a property you have owned for an extended period will frequently result in a significant capital gain...

With May 17, 2024, the deadline for claiming 2020 refunds approaching, it's crucial for taxpayers to understand how to claim the 2020 cre...

Here are the May tax due dates for individuals and businesses.

In one way or another, tax deductions reduce the taxable portion of an individual’s income, reducing the tax on that income.

If you or someone listed on your federal tax return is disabled, you may be eligible for one or more of the following tax benefits...

As a reminder to those who have not yet filed their 2023 tax returns, April 15, 2024, is the due date to either file a return...

Here are the April tax due dates for individuals and businesses.

During his State of the Union Address before Congress on March 7, 2024, President Biden presented an overview of his tax agenda proposed...

The IRS has issued several warnings urging people to carefully review the Employee Retention Credit (ERC) guidelines before trying to...

Here are the March tax due dates for individuals and businesses.

Most US citizens and permanent residents who work in the US must file a tax return if they earn more than a certain amount in a year.

The IRS has announced that collection notices will resume in 2024, with some taxpayers already receiving a reminder letter; the agency...

As people begin to have their 2023 tax returns prepared, this is a reminder to avoid unethical "ghost" tax return preparers.

If you fail to account for the information correctly, you can expect to hear from the IRS or your state tax department in a year or so.

Here are the February tax due dates for individuals and businesses.

In late 2017, Congress passed the Tax Cuts & Jobs Act of 2017 (TCJA), which made enormous changes to income tax laws outlined here.

Here are the January tax due dates for individuals and businesses.

The answer to the question "What income is taxable?" can have some surprising outcomes, and this article explores some of the commonly...

Some politicians' dreams of imposing a wealth tax on the wealthiest Americans face a critical juncture as the United States Supreme Court...

Follow these tips to ensure your charitable contribution goes to the cause you are supporting.