Capital Gains Tax on Home Sales: What Homeowners Often Get Wrong
Most homeowners owe nothing on a home sale — the IRS excludes up to $500,000 in gains — but gains above that threshold, depreciation recapture, and NIIT catch sellers off...
Annual Inflation Adjustment for the Alternative Minimum Tax
he alternative minimum tax, or AMT, was originally created in 1969 in order to make sure that wealthy Americans were not able to escape their tax liability.
Increases in Estate Tax and Gift Tax Rates
The estate tax, also commonly called the death tax, is a tax paid when a person dies and his or her money or assets are inherited.
Tax Increases on Capital Gains and Dividends
Recently capital gains have seen tax increases as part of the efforts by President Barack Obama to raise revenue for government spending and debt reduction.
Income Tax Increases For The Wealthiest Americans
The tax increases on the “wealthy” are not the only tax increases that Obama has imposed upon individuals earning $200,000 and families earning $250,000.
Payroll Tax Holiday Ends; Consumer Spending Slows
The silver lining, however, is that the tax has the biggest impact on the spending habits of the lowest wage earners.
Tax Returns a Target for Identity Theft
The most important thing to do when you realize you have been the victim of fraud or identity theft is to keep calm.
Government Promotes Tax Credits for Clean Energy
The Advanced Energy Manufacturing Tax Credit was awarded to those who were making strides in moving toward a cleaner and more sustainable energy future.
Husband and Wife Charged with Fraud in Florida
Most people think, “Oh, I would never get caught up in something like that.” But those running the fraud are good at what they do
Celebrity Gift Bags and the IRS
Celebrity gift bags are a series of products, services, and other amenities that are given to people who perform or present at entertainment awards shows
IRS Delays Accepting Returns Until January 30th
The IRS delays accepting returns will have the biggest impact on people juggling holiday bills with other debts.
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Should You Take the Standard Deduction or Itemize? A Clear Breakdown
For 2025, the standard deduction is $15,750 for singles and $31,500 for joint filers. Compare that to your itemized expenses to pick the method that lowers your taxable income...
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Tax Strategies for Freelancers in Florida with Side Hustles
Florida freelancers save on state taxes but must pay federal self-employment tax. Learn how to deduct 50% of that tax and use the 20% QBI deduction.
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Child Tax Credit Expansion Guide for 2024
The child tax credit expansion gives families up to $2,000 in payments, offering real financial relief for low- to middle-income households in 2024.
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How to Claim the Child Tax Credit if You’re Self-Employed
Self-employed parents with at least $2,500 in net earnings can claim the child tax credit. Learn how to qualify and maximize your refund.
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5 Pro Techniques for Maximizing the Child Tax Credit in 2026
Qualify for up to $2,200 per child with the 2026 Child Tax Credit. Learn how to optimize your eligibility based on income and other key factors.
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Capital Gains Tax vs Ordinary Income Tax: Which Rate Will You Actually Pay?
Hold assets over one year and you could pay 0% on long-term gains instead of up to 37% ordinary income tax. Here's how the one-year rule changes everything.
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