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

With the Republican party taking control of not just the White House but both chambers of Congress, the Tax Cuts and Jobs Act ...

The federal earned income tax credit celebrates 50th anniversary. Yet, IRS estimates one in five eligible taxpayers miss out ...

Nonrefundable tax credits can only be used against taxes that you owe -- once your tax bill hits $0, you don't get the ...

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Learn how to create a personalized drawdown strategy that maximizes your retirement income while minimizing your tax burden.

The revised income tax law is expected to be clear, concise, consistent and supplemented with illustrative examples to aid ...

Mainstream economists and the media “warn” us about the dangers of “income inequality.” But is income inequality really an ...

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

Now, the physical occupation condition has been removed. Even if neither you nor your family can live in the house for practical reasons, you can still declare two houses as SOP, and their annual ...

Millions of taxpayers face paying more income tax due to frozen tax allowances. We explain how income tax is calculated.

Want to do your taxes away from your desk? We test and rate the best mobile tax apps that let you prepare and file your ...