Taxes
Latest Taxes News
If You Pay Hush Money, You May Not Be Able To Deduct It On Your Taxes
As the Trump hush money trial continues, it’s worth noting that many businesses pay hush money on occasion. There are…
Arrests, Reward Offered In Massive North Korean Tech Scam Targeting U.S. Companies
Think that your data is safe thanks to your information technology (IT) department? Think again. The Department of Justice (DOJ)…
Foreign Spouse? Vexing U.S. Tax Issues For The American Half
Earlier, I wrote an article examining some of the U.S. gift and estate tax issues that arise when one spouse…
Scammers And Fraudsters And Leakers, Oh My!
This is a published version of our weekly Forbes Tax Breaks newsletter. You can sign-up to get Tax Breaks in…
Can Short-Term Capital Losses Offset Long-Term Capital Gains?
2024 Long-Term Capital Gains Tax Rates RateSingleMarried Filing JointlyMarried Filing SeparatelyHead of Household0%$0 – $47,025$0 – $94,050$0 – $47,025$0 –…
Why California’s 40-Cent Gas Tax Increase May Need To Be $4 Instead
California is poised to make a significant change to its gas tax policy — potentially raising the price of diesel…
IRS Issues Warnings On Tax Scams Driven By Bad Advice Often Found On Social Media
The IRS is warning taxpayers about a series of tax scams and inaccurate social media advice that led thousands of…
Are Health Insurance Premiums Tax Deductible When You Retire?
Health insurance premiums can be tax deductible when you retire, but it depends on several factors such as your age,…
California Is Not Actually A High-Tax State According To New Study
Depending on where you fall on the income scale, California may not actually be that high tax of a state.…
Are Billionaire Taxes Falling? That Depends On Who You Think Pays Corporate Taxes
In a recent New York Times New York Times column (paywall), Berkeley economist Gabriel Zucman calculated that the highest-income Americans…
