Investment and Financial Markets

Understand the updated federal solar tax credit timeline. This guide details the current incentive value and the key dates homeowners must know before it phases out.

Learn how local government entities are legally defined and empowered by the state, a distinction crucial for their operations and public financing.

Taking a 401(k) withdrawal creates a tax obligation. This guide explains how to calculate, report, and manage the full tax impact of your distribution.

SECURE 2.0 now permits employer retirement contributions to be designated as Roth, creating new considerations for an individual’s long-term tax strategy.

Explore the complex tax rules for transferring a partnership interest without payment. Learn how the transfer’s structure can create unexpected tax consequences.

For an S-corp, maximizing tax deductions with a profit-sharing plan requires knowing the distinct deadlines for both establishing the plan and funding it.

Understand the tax filing requirements for an IRA recharacterization to ensure the transaction is properly documented and remains a non-taxable event.

Understand the factors that influence the processing time for your home heating credit and learn how to navigate the claim for a faster payment.

Clarify California’s franchise tax obligations for your foreign LLC. This guide covers the essential criteria and procedures for maintaining state tax compliance.

Explore the mechanics of excise duty, an indirect tax levied on producers. Learn its calculation methods and how the ultimate cost is passed to the consumer.

Understand how Illinois vehicle tax is determined. The calculation method and final amount depend on key details of the transaction beyond just the sale price.

A 1037 exchange offers a tax-deferred way to swap certain U.S. bonds, carrying over the original cost basis and holding period to the new security.

A practical guide for Oregon businesses on navigating the financial and administrative requirements of the state’s paid leave program.

Understand the official 2024 IRS adjustments for retirement plan contributions and see how the various annual limits for employees and employers interact.

Explore the federal legislation that shapes how the internet is taxed, clarifying the distinction between service access and online sales.

While not directly taxed for Medicare, your pension income is used to calculate your monthly premiums, which can increase based on your total income.

For Illinois residents with out-of-state income, Schedule CR offers a way to mitigate double taxation by crediting taxes paid to another jurisdiction.

Understand how the Tier 1 RRTA tax serves as the railroad industry’s direct equivalent to FICA, funding Social Security and Medicare benefits for workers.