An incoming Donald Trump administration has taxpayers salivating for lower tax rates in 2025. No one enjoys a hefty tax bill, and the idea of a game-changing law that could somehow magically erase ...

Investors who sell an investment at a profit in a taxable account incur a capital gain that they must report on their tax returns. For investments held longer than one year, the long-term capital ...

Business meeting, leader or accountant consulting worker, employee or team manager for tax, audit or financial budget. Planning, collaboration or teamwork for strategy, innovation or mortgage review ...

Now that 2024 has come to a close, investors are starting to think about 2025’s investments. However, to get a clear picture of how your investment strategy might play out, you need to know the ...

Beverly is a writer, editor, and paralegal specializing in personal finance and tax law. She covers personal financial and legal topics, as well as tax breaks, tax preparation software, and tax law ...

This story has been updated to include details about Minnesota’s new surtax on capital gains and to include that while Washington has a capital gains tax it does not have an income tax. The headline ...

Selling a second home can come with an unexpected tax burden. It doesn't matter if it's an inherited ramshackle cabin, a luxury vacation retreat, or even a rental investment, the IRS treats the sale ...