Congressional Republicans are pushing tax proposals that would significantly reduce taxes for corporations by slashing the corporate tax rate from 21 percent to 15 percent. Their tax plan, including ...

Luxury car tax sounds like a punishment for people with taste, but in reality it is a targeted way for governments to raise ...

Our Taxes Explained series aims to make tax policy clear and accessible. We want people to know what’s on the line and understand how Trump’s tax cuts are designed specifically to benefit the ...

Construction workers rebuild a property destroyed by the Palisades Fire in Los Angeles on April 24. (Damian Dovarganes / AP file) During the 2024 campaign, Donald Trump promised "no tax on overtime" — ...

A second home can provide a place for your family to gather, and it could even produce income if you rent it out. But did you know that owning a second home can also slash your tax bill and even earn ...

Discover the role of tax advisors in minimizing taxes and ensuring IRS compliance in complex financial scenarios. Learn about their expertise and regulatory standards.

Tax rates vary by location and typically range from 0.5% to 2.5% of assessed property value. Higher rates often correlate with better public services and school systems. Communities with extensive ...

Filing taxes can be daunting, but understanding your options for reducing your taxable income can help make it easier and save you money. U.S. taxpayers have two main options for reducing their ...

Form 1040 is the essential U.S. tax form for reporting individual income to the IRS. Discover its types, uses, and filing ...

There’s a lot of buzz about possible changes coming to the Child Tax Credit. CPA and TurboTax expert Lisa Greene-Lewis helps clear up the confusion. If you’re wondering about the recent expansion to ...