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Who is Required to File a Tax Return?
Tax Filing If you meet certain income requirements, you are required to file a federal tax return. You could face penalties if you don't.
Capital Gains Tax Exclusion for Homeowners: What to Know
Tax Breaks The IRS capital gains home sale exclusion can be a valuable tax-saving tool if you’re eligible.
Taxes in Retirement: How All 50 States Tax Retirees
Retirement Taxes Find out how 2024 income taxes in retirement stack up in all 50 states plus the District of Columbia.
By Katelyn Washington Last updatedRetirement Taxes
The Three Basic Components of a Good Estate Plan
Getting your estate in order so everyone knows what you want when the time comes can save your loved ones confusion and stress.
By Jason “JB” Beckett Published
Mega Millions After Taxes: How Much Will the Winner Get?
Lottery Taxes The Mega Millions jackpot winner will take home much less than the advertised jackpot amount, thanks to taxes.
By Katelyn Washington Last updatedLottery Taxes
State Abortion Law Changes Tax Deductions
Tax Breaks New abortion laws are changing the way some states think about dependent tax deductions.
By Kelley R. Taylor Last updatedTax Breaks
How to Use Your Estate Plan to Save Tax Now: A Timely Update
Consider an upstream basis trust and a general power of appointment for an older family member to reduce capital gains taxes on highly appreciated assets.
By John M. Goralka Published
Save During Alabama’s Severe Weather Preparedness Tax Holiday
Sales Tax Holiday Certain items will be tax-free during the Alabama severe weather preparedness sales tax holiday this year, but there are specific rules to follow.
By Katelyn Washington Last updatedSales Tax Holiday
Will Florida Property Tax Be Eliminated?
Property Taxes A new proposal is raising questions about revenue generation in the Sunshine State.
By Kelley R. Taylor PublishedProperty Taxes
IRS Form 1099-K: When You Might Get One From PayPal, Venmo, Cash App
Selling Online A new IRS 1099-K tax reporting requirement for payment networks like Venmo, PayPal, Amazon, and Cash App doesn't apply for 2023.
By Kelley R. Taylor Last updatedSelling Online
The Extra Standard Deduction for People Age 65 and Older
Tax Deductions The extra standard deduction can help older adults reduce their taxable income.
By Kelley R. Taylor Last updatedTax Deductions