If phantom income is not properly analyzed by counsel and the court in a matrimonial case, the result perforce may be ...

Low-income tax filers and families should especially take a close look at tax credits while they file their tax returns. The ...

In a fair tax system, everyone pays their fair share, no one pays more than they can afford, and the government raises enough ...

The highlight of Finance Minister Nirmala Sitharaman's eighth consecutive Budget is the relief to middle-class taxpayers from the salaried class. But the Budget speech, which also announced revised ...

Some home improvements are tax deductible, but the IRS has strict rules about which are eligible. Find out if your project or ...

A campaign advocating for the increase of the income tax personal allowance from its current standard of £12,570 to £20,000 ...

Taxpayers will receive a 1099-K from payment card companies, payment apps and online marketplaces when transactions during ...

“The benefits of the deduction go primarily to high-income taxpayers because high-income taxpayers tend to itemize more often ...

To minimize taxes and maximize benefits, learn the difference between deductions, credits and other forms of tax relief by ...

Gross income is an average of 2020 to 2022 items on your income tax return. However, we must wait on USDA for regulations to ...

Key Takeaways - Are Personal Loans Taxable? Personal loans can be useful when you need extra funds, since you can use them for a variety of purposes. With a personal loan, the lender gives you a lump ...

Internal Revenue Service recently issued final regulations (final regs) imposing a tax on U.S. citizens, residents and ...