Taxes
Minimize your tax bill—and your stress—with our expert tips and advice.
The Latest
Considering that a vast majority of couples file their taxes jointly each year, it must save them money, right? That's the conventional wisdom, but the reality is a bit more nuanced.Filing jointly tends to net couples the most ...
Most Americans think of taxes, begrudgingly, for a few weeks in the spring when it’s time to file their annual return. For tax professionals, however, the work happens year-round.Hiring a tax pro—such as a certified public acco...
While filing taxes is ideally a one-and-done affair, every year about three million people find they need to update a previously filed return. In this case, you’ll need to file an amended tax return—an action that tells the Int...
Over dinner with friends, you toast to having finished this year’s tax return: Everyone’s getting a tax refund! But some pals say they’ve already received theirs, what’s the deal?The Internal Revenue Service issued more than 23...
You may have made a list and checked it twice during the holiday season, but there is another important list to make in the new year that could give you one of the very best gifts of all: a lower tax bill.Tax deductions and tax...
Life moves fast. In the blink of an eye, marriage, divorce, starting a family, pay raises and layoffs can change your financial landscape. Luckily, there’s a form—one you may have long forgotten—that could help boost your take-...
Inflation may be cooling, but Americans whose wages haven’t kept up with higher prices are still feeling a pinch. Luckily, the tax code is designed to adapt to such a scenario.Every year the Internal Revenue Service releases ne...
Selling losing investments to offset capital gains can be a great way to lower your tax bill. But be careful you don’t violate the Internal Revenue Service’s “wash sale” rule.As an investor, any time you sell a stock, bond or o...
Nobody likes to lose money on their investments. But when it comes to taxes, you can sometimes win by losing.That is especially true in a year like 2023, when the stock market is up by double digits, but dozens of individual st...
Earning interest on your savings sure is nice—but it’s not all yours to keep. As with most earnings, Uncle Sam will want a cut. Depending on how much income you rake in each year—and how much interest your savings account garne...
