Projects that increase your home's value are typically eligible for a tax exclusion — but most repairs are not.

The IRS has released new inflation-adjusted figures that can impact your estate and gift planning. These numbers seem like a ...

Increased taxes would add to farmers’ current difficulties, as farmers continue to face increasing production expenses and ...

The IRS doesn't consider inheritances to be taxable income. That includes inheritances of cash, property, etc. Remember, though, that if the money you receive from an inheritance subsequently ...

While TaxAct doesn't have all the bells and whistles of other tax software out there it is generally cheaper to file with them. If you don't need extras, such as one on one support or audit assistance ...

Tax strategies that apply to private partnerships include capital gains tax deferral, depreciation, tax credits, and ...

A Section 1031 "like-kind" exchange may be the answer if you are looking to sell your investment property and avoid costly ...

The U.S. Tax Code is over 2,600 pages long, with over 1 million words. While the actual taxes people pay only take up about 2 ...

As we enter the beginning of 2025, bonus depreciation continues to leverage down as more portions of the Tax Cuts and Jobs Act expire.

You can significantly reduce the cost of owning a second home by claiming tax deductions for mortgage interest, property taxes ... to consult with a qualified real estate tax specialist who ...