Long-term capital gains tax is applied to investments that have been held for over a year before being sold for a profit.

Another year brings another inflation adjustment for the thresholds that determine how much you owe Uncle Sam.

Taxpayers will need to calculate for themselves how much they can subtract from their 2025 taxable income using the new ...

This bonus will come in addition to the existing extra standard deduction for seniors, which the IRS has increased as part of ...

Major tax bracket and deduction changes are coming in 2026, making it essential for taxpayers to understand the new rules and ...

The IRS urges taxpayers to get organized now to take advantage of changes under OBBBA that could impact tax deductions and ...

The final weeks of the year offer some of the most valuable opportunities to lower your upcoming tax bill, but only if you ...

The Senate on Tuesday passed a bill that would eliminate federal taxes on tips, advancing a key campaign promise of President Trump’s, with the help of Senate Democrats. Sen. Jacky Rosen (D-Nev.) ...

With an expected historic refund season on the horizon, new law brings major shifts to credits, deductions, and planning for families and small businesses.

During the Supreme Court’s flurry of end-of-term activity, another seismically consequential decision largely escaped notice. Its ruling in Moore et ux. v. United States, which upheld a tax on ...

Corporate tax revenue has quickly dipped since Republicans passed tax cuts this summer. But economists think these tax breaks might be worth it.