After years of uncertainty, the Protecting Americans from Tax Hikes (PATH) Act of 2015 permanently extended a tax credit for research expenses for qualified small businesses. Generally speaking, the ...
After paying taxes on earnings during your entire work career, you may finally be entitled to receive Social Security retirement benefits. But be aware that those benefits could come at a tax price. ...
Governor Sam Brownback's grand experiment with his "March to Zero" tax plan came to a crashing (and retroactive) halt this week when both chambers of the legislature voted to override his veto of a ...
The dependent care credit may be changed by Congress in the coming years, but you can still take advantage of it now. It offers some surprising benefits that may apply to your situation....
The Net Investment Income Tax (NIIT) is a unique tax provision, introduced in 2013 to help pay for the Affordable Care Act (ACA). While the NIIT may be the focus of future congressional action, the ...
If you own real estate that has appreciated in value, you may owe a sizeable capital gains tax when you sell. But tax law provides a way to postpone the tax. Here's how: Instead of a sale, you can ...
Do you have a recent college graduate in the family, or will your child be graduating this year? If so, this might the last chance you have to claim a dependency exemption on your federal income tax ...
You're probably familiar with the current version of the tax break known as the home sale exclusion. If you're single, you can exclude up to $250,000 of gain on the sale of your home. The exclusion ...
Dear Clients and Friends, As 2016 winds down, a lame-duck Congress is unlikely to take action on tax legislation. The pace of activity may change next year, with a new Administration and ongoing talk ...
From a tax planning perspective, the end of the year is the "season of the harvest" for capital gains. Harvesting means you analyze your portfolio, determine your tax situation, and select investment ...