Laura Saunders

The Internal Revenue Service gives millions of Americans a one-year reprieve on new 1099-K tax-reporting requirements, offering relief to users of e-commerce platforms such as eBay, Etsy and Airbnb.

Count Your Children: A Tax To-Do List for 2023

The former president’s tax returns reported no contributions to charity in 2020 and nearly $1.9 million in 2017.

The standard deduction is a fixed dollar amount that reduces the amount of income on which you are taxed. For the 2022-2023 tax year, the standard deduction varies depending on your filing status.

Capital gains tax is a tax on the profit from the sale of an asset, such as a stock or real estate, while dividends tax is a tax on the income received from dividends paid by a company.

The Child Tax Credit is a credit that can be claimed by taxpayers who have a qualifying child under the age of 17. The credit is worth up to $2,000 per child and is available to taxpayers who meet certain income limits.

That’s the amount of the standard deduction for married couples filing jointly for 2022. For single filers, the amount is $12,950. The level of the standard deduction matters to more and more taxpayers. In 2017, Congress made a landmark change by nearly doubling the standard deduction. As a result,

Married, but filing separately: A growing number of Americans are choosing to submit their taxes independent of their spouse. Here’s why.

Tax-filing day is drawing closer—it’s April 18 for most taxpayers—but there are still things people can do now to cut last year’s taxes. One big one is to contribute to a traditional IRA. Savers can still take a 2022 tax deduction for putting up to $6,000 in a traditional IRA, and people age 50 and

What you need to know about taxes on your digital asset holdings and how to offset losses. Unused losses can offset up to $3,000 of ordinary income such as wages, and losses above that amount carry forward for use against future gains.