When you buy something by clicking links within this article, we may earn a small commission, but it never affects the ...

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 ...

It’s getting down to the wire, but if you haven’t filed your taxes yet, these 15 experts have tips to make it (at least somewhat) less painful — and more lucrative. From understanding your ...

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 ...

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 ...

Jackson County's property tax struggles have sparked lawsuits, public anger, and calls for leadership change. Earlier this year, a judge ordered the county to roll back controversial 2023 property ...

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 ...

Property taxes are intensely local, but the concern about their sharp upward trajectory in recent years has gone national — and new data shows why. More than 72% of metropolitan areas with at ...

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

COLUMBUS, Ohio — A petition title and summary for a proposed constitutional amendment that would eliminate property taxes in Ohio has been accepted by the Attorney General’s office. Pending Ohio ...