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 ...

For high earners in these countries, the tax rate percentage on income exceeding a certain threshold can reach into the high ...

On Nov. 15, the Federal Executive Branch presented the Economic Package for 2025 (“EP 2025”) to Congress, which estimates around 294 billion ...

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

A Las Vegas judge entered a judgment of more than $11 million against Tremaine Neverson, also known as 'Trey Songz.' The ...