Long-term capital gains tax is applied to investments that have been held for over a year before being sold for a profit.

Many people will be shocked when they discover the intricate rules — and lack of supporting paperwork — when filing 2025 ...

Whether you underwithheld taxes on your paycheck or didn't make your estimated tax payments, you might have a surprise bill from the IRS. So when you see how much you owe, you might realize you can't ...

KEY TAKEAWAYS A new deduction allows workers to subtract part of their overtime wages from their 2025 taxable income, lowering some taxpayers' bills in April.However, workers will need to calculate ...

An audit of Susan’s IRA activity revealed that she paid income tax on $50,000 that qualified to be tax-free. Susan mistakenly believed that her IRA custodian would inform her how much of her ...

The jackpot for Wednesday's Powerball drawing is $930 million. However, the windfall would significantly shrink after taxes.