Taxes
Latest Taxes News
Capital Gains Tax on Equities: Rules, Rates and Calculation
When you sell stocks, exchange-traded funds (ETFs) or other equity investments for more than you paid, the profit is generally…
Who Is Exempt From Federal Income Tax: Individuals and Groups
Federal income tax applies to most people who earn income in the U.S., but the tax code includes limited exceptions.…
How Long Does a Tax Extension Last? Deadlines, Rules and Penalties
If you’re scrambling to compile tax documents as the filing deadline approaches, you’re not alone. A tax extension can offer…
Can You Still Get Your Tax Refund During an IRS Audit?
If the IRS notifies you of an audit, and you expected a tax return, you probably have a lot of…
Can You Claim an Adult Child as a Dependent on Your Taxes?
Whether you can claim an adult child as a dependent on your taxes depends on their age, income and living…
Are Unemployment Benefits Taxable Income?
The IRS generally treats unemployment compensation as taxable income. If you don’t plan for this, or don’t withhold money from…
When Do You Owe Taxes Instead of Getting a Refund?
Whether you owe taxes or receive a refund comes down to how much tax was withheld from your paychecks, how…
When Are Capital Gains Taxes Due on Real Estate Sales?
Selling real estate can result in a significant profit, but it may also trigger capital gains taxes depending on whether…
Standard Deduction for Dependents: Rules and Strategies
When it comes to taxes, dependents can affect your return in ways many families don’t expect. Whether you’re claiming a…
Standard Deduction for Married Filing Separately: Tax planning
Deciding how to file your taxes as a married couple can have a meaningful impact on your return. Depending on…
