Many Wilkes Countians won’t fully realize the impact of the 2025 revaluation on their finances until they receive new property tax bills in August.

If your mother purchased the home for $100,000 and it's now worth $800,000, gifting the home to you assumes that the tax basis in the property is $100,000, not $800,000 and/or the value at the time of ...

The budget bill does not expand a tax provision that exempts student loan forgiveness received from income taxes in most ...

This question may seem simple, but the answer is not so easy. In fact, there are experts who make their living answering just ...

Early Thursday morning, the House of Representatives passed the One Big Beautiful Bill Act by one vote. The bill had been ...

Benefits are front and center of the political debate once again after Republican-backed tax bill attracted attention for a series of cuts. So is a cut to Social Security taxes on ...

A SALT exclusion is different from a deduction. In a deduction, the money you spend on state and local taxes is deducted from your taxable income. So it will only partially reduce your federal tax ...

Most homeowners are aware of the homesale exclusion, a provision of the tax laws which provides that homeowners who sell their principal residence typically do not need to pay taxes on as much as ...

As a U.S. citizen, the man formerly called Cardinal Robert Prevost technically is required to file returns to the IRS.

The IRS doesn’t consider freeloading relatives as one of the hardships that can modify the home sales exclusion rules.

Gavin Newsom announced plans Friday morning directing the state to pursue "strategic" relationships with countries announcing retaliatory tariffs against the U.S., urging them to exclude ...

You can never escape Uncle Sam. The U.S. and Eritrea are the only two countries in the world where taxes aren’t based on residency. That means no matter where Americans live, they’re subject ...