The IRS has released the inflation-adjusted tax brackets for 2025. See the new income thresholds, standard deduction amounts, ...

Sales tax liabilities are funds collected from customers to be distributed to state and local tax agencies by businesses. Business owners and companies track sales tax liabilities on a sales tax ...

Discover the De Minimis Tax Rule's definition, calculation, and examples, plus learn how it affects capital gains tax on ...

One of the biggest tax decisions that a couple can make is whether to take the standard deduction or itemize. The standard ...

If you own a home, you have paid an ad valorem tax. If you own a car, same thing. In fact, if you've ever bought anything in the United States, you have paid an ad valorem tax. These taxes are based ...

Tax havens offer very low tax rates to foreign and domestic investors. While we often think about the business implications of tax havens, there can also be implications for individuals. Here are ...

One of the main focuses of current congressional attempts to change the tax code is corporations. Lower the top rate from 35% to 20% and you unleash the ability to invest, make more money, create jobs ...

Starting and running a small business is expensive. There are many different costs that go into operating a business, but many can be tax write-offs. For an expense to be deductible, the cost must be ...

Second homes are actually good for the local economy. They pay full taxes, supporting our schools, road maintenance, parks and so forth, but they hardly use city services at all. Instead of turning ...

While Massachusetts Senator Elizabeth Warren is gaining attention and objections on how she proposes to pay for her Medicare-for-All plan, let’s focus on the initial defense of her wealth tax proposal ...