Ultimately, when the taxpayer’s mother passed away in 2021, the property remained vacant and was never rented again to a third party. In 2024, the taxpayer himself moved into the property and it ...

Taxpayers will see a number of new credits and deductions when they file their taxes in 2026. Here’s when other “big ...

Misreporting/ inaccurate reporting of capital gains could attract interest and penal implications. Also, one should verify ...

Wyoming offers no personal income tax, low property taxes (0.5%), and abundant outdoor recreation at national parks like Yellowstone.

Georgia concluded fiscal year 2025 with a slight uptick in net tax collections, according to a report released Tuesday by ...

The average fee for preparing Form 1040 with Schedule A to itemize personal deductions, and a state income tax return, was a flat fee of $323. The average fee for Form 1040 with the standard deduction ...

The payments, part of the new domestic policy law, are for U.S. citizens born this year through 2028. The idea is that the money in the accounts will have many years to grow.

Nearly half of residential properties in San Jose, Sunnyvale and Santa Clara - 47.9% - have annual property-tax bills of at least $10,000. That's on top of state income taxes the homeowners are paying ...

The latest SALT change could bring in thousands worth of tax savings for small businesses when they file their taxes. But it’s not a permanent staple.

For the next five years, there will be a much more generous state and local tax deduction available to federal income tax filers, thanks to the recently enacted mega tax-and-spending-cuts law.

A new tax break aimed at seniors may lighten the load on retirees’ Social Security income, but it’s not as sweeping or ...

Underhanded underground; down on the farm; reality check; and other highlights of recent tax cases.