For income tax purposes, a business loss generally occurs when a business’s deductions for the year exceed its revenue. But you can turn lemons into lemo...
When you file your 2025 tax return, should you do so as a head of household? Assuming you qualify, it could be more favorable than filing as single. To be ...
The IRS has issued estimated-tax penalty relief for taxpayers who properly elect under Sec. 1062 to pay tax on qualifying farmland sale or exchange gains i...
The IRS has issued estimated-tax penalty relief for taxpayers who properly elect under Sec. 1062 to pay tax on qualifying farmland sale or exchange gains i...
Are you age 65 or older? If so, for tax years 2025 through 2028, a provision of the One Big Beautiful Bill Act may allow you to claim an additional deducti...
If you're traveling for the holidays, you're probably also paying additional federal taxes and fees. For example, the price of airline tickets typically in...
On Dec. 19, 2025, the IRS and the Department of the Treasury provided guidance on claiming the carbon capture tax credit (Section 45Q) for qualified carbon...
Good news for small business employees with a Savings Incentive Match Plan for Employees (SIMPLE) retirement account: Contribution limits are going up. In ...
Continuing care retirement communities (CCRCs) allow seniors to live in one community while accessing different levels of care as their needs change. Some ...
The IRS has announced a new way for individuals to report tax noncompliance to its Whistleblower Office: a digital version of Form 211, Application for Awa...
