Taxes

Because many tax laws and credits reverted back to 2019 guidelines or were eliminated, taxpayers are likely to receive smaller tax refunds in 2023.

What is a tax-deferred exchange? A 1031 exchange, as it's also called, enables real estate investors to defer taxes on a property sale.

What is SDI tax? The SDI tax, or State Disability Insurance tax, is what funds short-term disability programs. The SDI label is only used in California.

Are tips taxed? If you're a restaurant worker or someone who receives tips from customers, the IRS expects you to report that income.

If you donated to GoFundMe at any point during the last year, you may be able to claim it on taxes as a tax deduction. Find out more here.

These are some of the best ways to use your tax refund this year. Having a plan for any refunded money will help you use it wisely.

For the 2022 tax year, those enhanced child tax credits are returning to the levels they were in 2019 before the COVID-19 pandemic in 2020.

If you own personal property or real estate in the U.S., there’s a good chance you pay taxes on it each year. So, are property taxes deductible?

Raising children can get expensive, especially if you have more than one kid running around the house. Here are a few tax tips for parents.

Many factors are used to determine how much you'll get back on taxes, including your income, filing status, and how many dependents you're claiming.

Regardless of how old your dependant child is or what they do to earn money, they may have to file a tax return if their earnings are above certain thresholds.

Tax refunds are only considered income in certain state tax refund circumstances. Find out more about when your tax refund might be considered income.

Filing your taxes can sometimes be costly. Fortunately, there are ways you can file your taxes online for free. Here are some of your options.

Tax refunds can be good for W-2 employees, but for business owners, that isn't always the case. What are the downsides of receiving a tax refund?

The first day you can file your taxes is Jan. 3, 2023. But, this isn't when the IRS will begin accepting returns. So, when should you file taxes?

Former President Donald Trump's tax returns from 2015-2020 are now public after resistance and a legal battle.

Professional soccer player Lionel Messi was found guilty of tax evasion in 2016. Learn the outcome of the case and whether he served prison time.

Some South Carolina residents will have a little extra money to spend this holiday season in the form of bonus tax rebates. Here's why.

If you want to claim your girlfriend as a dependent on taxes, she must meet four factors from the IRS. What are the benefits of claiming a dependent?

President Biden has urged Congress to approve a windfall profits tax on oil companies that reported record profits recently. Would a windfall tax help bring down gas prices?

There are ways to claim dependents for certain people in your life, including your boyfriend. The IRS has four factor that must be met. We have all the details.

For homeowners making mortgage payments, there's a potential tax deduction to reduce taxable income. However, certain requirements apply.

In the eyes of the IRS, giving your employees a gift card with a cash value is like giving them a bonus, so are gift cards taxable?

If private school tuition is a blow to your bank account, you may be wondering if it’s tax deductible. Here’s the scoop on when — and where — you may be able to deduct private school tuition on your taxes.

Moving expenses used to be tax-deductible for most Americans. What has changed about moving expenses and tax deductions?

The IRS is notifying over 9 million households that they may be eligible for tax credits or stimulus payments. See whether you qualify for these benefits.

With all the money you’re spending on rent, you may wonder why rent isn't tax deductible. Unfortunately, the tax deductions on your rental property go to someone else.

As inflation causes the federal government to hike tax brackets and social security income, wealthy Americans are also getting a break: a bigger estate tax exemption for 2023.

The IRS announced new tax brackets for 2023 that increased by 7 percent to adjust for rising inflation. See what the changes mean for you.

Workmans' compensation benefits have their own tax treatments. Here’s how these funds are treated differently in the United States. Is workers' comp taxable?

Robinhood should release 1099 tax documents to customers by mid-February. However, delays can occur and extensions are granted if necessary.

The $7,500 tax credit is an attractive incentive, but is your hybrid vehicle you’re eyeing even eligible? See which EVs and hybrids are eligible.

If you received a Netspend card in the mail from the IRS, there’s a reason why. Here’s what the card is for and how you can use it. The card isn't a scam.

Logan Paul accused Bad Bunny of tax fraud. Here’s why it isn’t true — and why the tax fraud rumor is probably just another way to stoke a fire.

The bear market may be dampening your giving spirit, but when those capital gains return, you can donate them to reduce your tax liability.

Is Shakira going to jail for not paying taxes? Here is everything you need to know about the Colombian singer's legal troubles, including a complete timeline.

As an unincorporated U.S. territory, most Puerto Ricans don’t get the right to vote. Does Puerto Rico pay taxes to the U.S. government?

Rhode Island residents must file their taxes by August 31, 2022, in order to be eligible for a Child Tax Credit (CTC) of up to $750.

The Biden administration slipped a heat pump tax credit into the Inflation Reduction Act of 2022. Here’s how to take advantage of it.

Stipends are payments made outside of wages or salary, often to cover specific expenses. Stipends are taxable, but typically employers don't withhold taxes.