Timothy McPhee has pleaded guilty to promoting a fraudulent tax shelter to taxpayers across the country for the purpose of ...

A business’s entity structure plays an important role in how it is taxed—the right choice can help minimize your liability.

Capital gains are the profits earned from selling assets like real estate, vehicles and collectibles. Learn how capital gains ...

Choosing between a Roth and traditional 401(k) affects your retirement savings. Understanding tax differences, limits, and employer matches is key to making smart decisions ...

Are medical premiums tax deductible? You may be able to deduct your health insurance premiums if you are self-employed and buy your own health insurance.

The IRS provides a student loan interest deduction that lets borrowers subtract some of the payments from their taxable ...

The IRS introduced the Fresh Start initiative in 2011 to expand access to existing tax relief options, especially the offer ...

The huge new tax law limits the ability to deduct losses from sports betting and other types of gambling. Here’s what you ...

Buying a home is an exciting milestone. One of the most common questions from new homeowners is: Are closing costs tax ...

Managing student loans is a reality for millions, and while payments can be challenging, there's a significant tax relief available: the student loan interest deduction.

The student loan forgiveness tax break ends Dec. 31, 2025, meaning forgiven debt may soon be taxable again. Borrowers on income-driven plans could face unexpected tax bills.

In this week's Ask the Editor Q&A, we answer tax questions from readers on four new tax deductions in the "One Big Beautiful ...