News

Curious how your crypto, NFTs or stablecoins could impact your taxes? We break down what the IRS expects and how to stay compliant when reporting digital asset transactions.

Some birthdays come with tax consequences. Take a look at these age-related tax milestones.

Can college financial aid trigger a tax bill? Here are the tax rules for scholarships, fellowships, tuition discounts, work-study programs and other types of financial aid.

Curious how The One, Big, Beautiful Bill could affect taxes for you and your family? Here are seven key tax breaks in the bill and what they could mean for you.

Are you 65 or older and paying Medicare premiums? You may qualify for a valuable tax break. Find out if it makes sense to itemize deductions and include medical expenses on your 2025 return.

If you receive a court award or out-of-court settlement, do you have to pay tax on it? The answer is … it depends.

Discover how a living trust can help you avoid probate, protect your privacy and simplify the transfer of your assets.

The gig economy offers many benefits. It also comes with tax responsibilities that workers need to manage proactively to avoid penalties.

If you receive a court award or out-of-court settlement, do you have to pay tax on it? The answer is … it depends.

Just because you filed your 2024 tax return doesn’t mean the questions about it stop. Here are some answers.

Harvesting capital losses is a viable tax-saving strategy as long as you avoid the wash sale rule. Here’s how it works.

After filing, you may want to do some spring cleaning and discard tax documents. But don’t throw away records you might need in the case of an IRS audit. Here are the rules.

April 15 is double trouble! Of course, it’s the deadline for filing your 2024 tax return but there’s another important deadline that day.

You may feel you’re the head of your household if you’re married, single, divorced, a parent or child-free. However, only certain people can file a tax return with the favorable “head of household” status. Here are the rules.

Thinking about lending money to a family member or friend? There may be tax implications you should understand.

If you invest in the stock market, you’ve probably owned some losing shares. Here are the rules for claiming losses on your tax return for depreciated or worthless stock.

If you’re commuting to work and your employer offers tax-free transportation fringe benefits, you need to read this.

The April 15 tax filing deadline is just around the corner. Keep in mind that it’s also the deadline for filing a gift tax return if you made large gifts last year. Find out if you must file a 2024 gift tax return and if not, why you may want to file one anyway.

To itemize deductions or not to itemize deductions? Here’s how the decision is made.

The best way to grow your nest egg is to save for retirement today. There’s still time if you’re eligible and you didn’t contribute the maximum amount allowed in 2024 to a traditional IRA or SEP.

The Child Tax Credit is a critical resource for millions of families. But under current law, many taxpayers will see the credit cut in half in 2026 if Congress doesn’t act this year.