Direct Taxation

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Are You Moving in Retirement to Cut Tax Costs? Consider These 4 Factors First.

[ad_1] When an affluent suburban Chicago couple came to John Campbell, senior wealth strategist at U.S. Bank Private Wealth Management,…

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Bernie Sanders and Elizabeth Warren’s bold tax hike to shore up Social Security

[ad_1] Elizabeth Warren and Bernie Sanders want to shore up Social Security by raising the top rate of income tax…

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‘I am trying to feverishly save for retirement’: My fiancé pays $1,700 a month to the IRS and owes student debt. We’re both 57. Should I marry him for his Social Security and pension?

[ad_1] Dear Quentin, My fiancé and I met at age 42 after being recently divorced. We have (now-grown) children from…

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IRS says people in most states who got inflation-relief payments don’t have to report it on their taxes. Here’s where.

[ad_1] The IRS is not going to tax payments from most of the states that cut checks to residents last…

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Property Taxes Are Going Up; Here’s How to Lower Your Bill

[ad_1] Listen to article (1 minute) The cost of homeownership will rise for millions of Americans in coming weeks as…

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Dear Tax Guy: I just started renting my house out on Airbnb. What income-tax deductions can I claim on this property?

[ad_1] I just started renting my house out on Airbnb. I started a limited liability company to keep the expenses…

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IRS pauses rule requiring people to report PayPal, Venmo transactions over $600. Here’s what went wrong.

[ad_1] To avert taxpayer confusion in the upcoming tax season, the IRS is delaying a rule that would have required…

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New electric car buying incentives kick in Jan. 1, and a lot has changed. Here’s an explainer.

[ad_1] Congress changed the rules governing electric car tax credits over the summer, but the changes didn’t immediately take effect.…

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Dear Tax Guy: ‘I’ve accumulated a lot of junk.’ I plan to make $6,000 selling stuff on eBay. Can I put it into an IRA instead of paying income tax?

[ad_1] I am retired with Social Security and a state pension. Over the last 30 years I’ve accumulated a lot…

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