The Republican tax plan didn’t do away with the mortgage interest deduction, as first feared, but it halves the cap on the deduction for newly purchased homes to $500,000. It…
Those American workers who are self-employers, or freelancers in the fast-growing “gig economy,” could see financial windfalls if the U.S. tax code revisions proposed by the Trump administration this week…
The federal income tax filing season officially begins January 23, but he Internal Revenue Service says that its private-sector partners are already offering Americans Free File, the free tax software…
Like with trading any currency, stock or commodity, or selling any property, if you earned gains from bitcoin, you have to report that as income to the Internal Revenue Service.
One major part of Trump’s tax plan would more than double the standard deduction amount to $15,000 for single filers or $30,000 for married couples filing a joint return.
The Internal Revenue Service is urging taxpayers to review their tax withholding formula because there are “several new factors” that could delay tax refunds in 2017.
Those working in the fast-evolving and expanding “sharing” or “gig” economy have it a bit tougher when figuring out their income taxes.
For a typical married couple in a median-priced home, the standard deduction for 2015 is almost $2,500 more than what they’d get by itemizing their mortgage interest and property taxes.
In each year from 2006 to 2012, at least two-thirds of all active corporations had no federal income tax liability, according to a Government Accountability Office study released on Wednesday.
In 2015, 34 percent said they would reduce their debt load, compared to just 28 percent planning to do so this year.