Tax Basics
Long-term capital gains tax basics
Certain windfalls are considered capital gains. Here’s how to determine what you’ll owe.
Biden eyes Child Tax Credit change
The bill proposes making the credit permanently fully refundable. Here’s what to know.
Cryptocurrency taxes: A guide
The IRS is stepping up enforcement on potential tax evasion by looking more closely at who’s exchanging cryptocurrencies.
When are my taxes due?
The deadline for filing your 2020 taxes is May 17, 2021. Here’s what else to know.
Latest Tax Credit Articles
-
Can I defer passive activity loss to next year if earnings are too high?
You can only deduct real estate losses to offset gains, but there are a couple of exceptions.
2 min read Feb 16, 2016
-
Cancellation of debt provides tax relief for homeowner’s short sale
You have to meet certain conditions to get a break from the IRS on a short sale.
2 min read Feb 09, 2016
-
How do heirs calculate tax due on land conveyed via a ‘Lady Bird deed’?
A ‘Lady Bird deed’ is a popular estate planning tool with tax and other advantages.
3 min read Dec 08, 2015
-
Figuring capital gains on sale of home deeded to children
To figure your capital gain on the deeded home’s sale, you must consider these factors.
2 min read Dec 01, 2015
-
Will inherited IRA RMD impact my ability to get the Obamacare premium tax credit?
The distributions you must take from the inherited IRAs likely won’t impact your tax credit.
3 min read Oct 27, 2015
-
Rules for claiming parents as dependents if they just arrived in the US
You need to meet 5 requirements to claim your parents as dependents.
2 min read Oct 20, 2015
-
FSA saves money, cuts taxes
Find out how one of the most popular tax benefits for families, an FSA, can help you.
5 min read Sep 30, 2015
-
Jean Chatzky: Avoid solar energy rip-offs
These 5 tips will help you get the best deal on solar panels — and avoid shady operators.
3 min read Sep 15, 2015
-
Tax breaks dead until Congress revives them
More than 50 tax provisions have expired. Will Congress renew them?
3 min read Aug 26, 2015
-
How do we report taxes on home confiscated via eminent domain?
You can report your home’s sale when the deed transfers, and postpone reporting the gain.
3 min read Aug 18, 2015