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In 2024, if you pay a household worker cash wages of $2,700 or more, you must withhold and pay Social Security and Medicare taxes. What will this threshold be in 2025?

You want to unlock the best possible tax results when exercising employer-issued nonqualified stock options.

Are you thinking about buying a new exterior door or rooftop solar panels? How about an electric vehicle? You may want to act soon because President-Elect Donald Trump has pledged to terminate a law providing valuable tax credits for these and other energy-saving purchases.

When can individual taxpayers deduct vehicle-related expenses? And how much can they deduct? Here are the amounts for 2024.

If you’re feeling generous as we head toward the holidays, you may want to give cash gifts to your loved ones. You may also want to steer clear of gift tax implications.

Transforming your hobby into a business can impact your taxes, especially if the activity loses money for some time. Here’s how you may be able to rightfully deduct losses.

College costs have gone up sharply in the past few decades, so starting to save early is a smart move. One option is to invest in a tax-advantaged 529 plan.

Taking proactive steps now could help reduce your tax liability for 2024 and 2025. Here are some considerations.

When you buy a house, can you deduct seller-paid points on your tax return? Here are the rules.