The Latest Breaking News from IRS

Most people think retiring well takes either a six-figure salary, a financial advisor on speed dial, or an early inheritance. But what if the real...

Most people think of retirement planning as a rigid path: save in your 401(k), maybe open an IRA, and hope your investments grow enough to...

A new so-called 'home school tax break' could change how you save for your child's homeschool education. Find out how.

Retirement is often portrayed as a time to relax and enjoy the fruits of one’s labor. However, the financial landscape for retirees can be complex,...

Retirement planning is all about building security and preserving wealth, but sometimes, it’s also about finding creative ways to keep more of what you’ve earned....

Democrats cited Billy Long's ties to firms hawking phony tax credits, but Republicans backed him on a party-line committee vote.

Leaving a legacy is about more than just passing down money—it’s about ensuring your loved ones are cared for and your values live on. But taxes can take a big bite out of what you leave behind if you don’t plan ahead. Knowing how to protect your legacy from taxes…

Tax loss harvesting is often hailed as a smart way to reduce your tax bill and boost your investment returns. The idea is simple: sell investments that have lost value to offset gains elsewhere in your portfolio. But as with many financial strategies, the devil is in the details. When…

A new law prohibits the state from requiring nonprofits to disclose the personal information of their supporters, protecting Americans’ First Amendment right to free association.

Tax season can feel like a maze, and it’s easy to miss out on valuable deductions that could put more money back in your pocket. Many people focus on the obvious write-offs, like mortgage interest or charitable donations, but there are plenty of lesser-known tax deductions that are perfectly legal…

If you’re dipping your toes into the world of investing, you’ve probably heard the term “capital gains” tossed around. But what does it really mean for your bottom line? For first-time investors, understanding capital gains rules isn’t just a matter of curiosity—it’s essential for keeping more of your hard-earned money.…