A capital loss occurs when you sell a capital asset for less than you bought it. Capital losses can reduce your taxable income. Read on to learn how to put them to use.

With major tax provisions expiring in 2025, Levine explains what you need to know and do to minimize financial impact.

A tax preparer who admitted to filing more than $3 million in fraudulent tax returns on behalf of her clients is facing up to ...

On October 29, 2024, the Canada Revenue Agency (CRA) announced that bare trusts are once again exempt from filing the T3 Income Tax and ...

Obtaining a new EIN before year-end can be quite difficult with the online application shutdown. Fortunately, there are solutions to this yearly issue, so do not panic!

TaxAct first wants personal information such as your birth date, filing status, and Social Security number. You can type them ...

See how we rate tax products to write unbiased product reviews. Tax returns are the forms individuals and businesses file to ...

Tax credits are key to alleviating poverty in America — but they often come with steep costs for tax preparation and bank ...

Residents may apply for one of the following programs, but to qualify for a refund, you must complete a state income tax ...

If you're worried about owing the IRS more taxes in 2024, there are a few strategies you can use. First, contribute more to your IRA. If you have a traditional IRA, you can put in up to $7,000 this ...

ISPY balances income and capital appreciation by tracking the S&P 500 Daily Covered Call Index. Find out my recommendation ...