Certain windfalls and profits are considered capital gains. Here’s how to determine what you’ll owe.

Taxes are an unavoidable part of life. Whether you're a full-time employee, a freelancer or a business owner, you are legally obligated to file and pay taxes on your income each year. For many, this ...

Tax evasion isn’t just something that happens in financial scandals or celebrity headlines — it’s a serious offense that leads to steep fines, audits and even jail time. But what is tax evasion ...

The Senate on Tuesday passed a bill that would eliminate federal taxes on tips, advancing a key campaign promise of President Trump’s, with the help of Senate Democrats. Sen. Jacky Rosen (D-Nev.) ...

April 15 marks the deadline for the majority of Americans to file taxes. After this day, those who owe taxes and don't have a prior extension will incur penalties with interest. National Tax Day may ...

The child tax credit is changing. Here’s what it means for your family. A new child tax credit is coming next year, bringing significant changes that will alter how much assistance families receive — ...

Compare what you paid in sales tax to your state and local taxes. Deduct the larger of the two. But there's a catch. Many, or all, of the products featured on this page are from our advertising ...

The IRS' Form 4868, "Application for Extension of Time to File U.S. Individual Income Tax Return," is seen here. The IRS' Form 4868, "Application for Extension of Time to File U.S. Individual Income ...

For millions of workers, tips aren’t just a perk — they’re essential. Data show that about 4 million people in the United States, or one out of every forty workers, depend on tips to pay the rent and ...