Taxes
Latest Taxes News
Taxable Income vs. AGI: Key Differences and Examples
While taxable income and adjusted gross income (AGI) might sound similar, they refer to different stages of your income after…
Capital Gains Exemption for Primary Residence: Tax Rules
Selling your home can have tax consequences if its value has gone up. The IRS offers an exemption that lets…
As Kids Go Back To School, Get Educated On Scams That Target Students
This month, many students—including my own kids—are heading back to school. Most of them have a cell phone (or wearable…
Sky-High 14.4% California Taxes Often Trigger Out-Of-State Moves
California has wildfires, high crime rates and plenty of government regulations. All prompt complaints from residents, but in some circles,…
Treasury Looks To Public For Input On New Stablecoins Reporting Law
The U.S. Department of the Treasury wants to hear from you. The commenting period has opened for the Guiding and…
Tax-Free Qualified Small Business Stock Break Jumps From $10M To $15M
The ink on the One Big Beautiful Bill is dry, and some of the targeted tax benefits are, well, big.…
Do Capital Gains Count as Income? Tax Definition and Examples
Capital gains count as taxable income and can affect your tax bracket, deductions and rates. They are taxed as short-term…
Can You Deduct Mortgage Interest on a Second Home?
Under the One Big Beautiful Bill Act of 2025, the mortgage interest deduction limits established by the Tax Cuts and…
SALT Write-Offs: Trump Tax Changes and Requirements
The state and local tax (SALT) deduction lets taxpayers write off certain state and local taxes from their federal taxable…
Do You Have to Pay Taxes on Tips? Trump Tax Changes
Traditionally, all tip income was taxable, and workers had to report any cash tips exceeding $20 per month to their…
