Investment and Financial Markets

Understand Vermont’s tax landscape for retirees. This guide explains how retirement income is assessed and details the specific exemptions and credits available.

Explore S.2292, a federal proposal addressing the future of AM radio in cars by linking vehicle standards with national public safety communications.

Explore the regulations for accessing funds from a SEP IRA. Learn how transactions are treated for tax purposes to avoid penalties and plan wisely.

Understand how Form 8969 connects your health savings account activity to your tax return, ensuring proper reporting of contributions and distributions.

An analysis of Freytag v. Commissioner, where a tax dispute led to a Supreme Court inquiry into the Tax Court’s fundamental constitutional standing.

Receiving both a 1099-K and 1099-NEC reflects separate reporting duties. Learn how to reconcile the overlap to report your total income accurately and only once.

Navigate the unique federal tax requirements for residents of community property states, focusing on how state law recharacterizes income for tax purposes.

The tax rules for deducting mortgage interest are nuanced. Learn how your eligibility is shaped by your property type, loan purpose, and debt origination date.

Keeping an interest in transferred property impacts gift and estate tax. Discover how specific IRS valuation rules determine the financial outcome of this strategy.

Understand the tax rules for noncash charitable gifts. The type of property donated determines if your deduction is based on its original cost or current market value.

Understand how having control over assets, even if not directly owned, can impact your estate and gift taxes and what strategies can mitigate this exposure.

Taxpayers who successfully challenge the IRS may be entitled to reimbursement for legal fees, but strict eligibility requirements and procedural rules apply.

Claiming a federal deduction for state income taxes paid involves key considerations that determine its value and whether it’s the right choice for you.

Effective year-end tax planning goes beyond compliance. Learn how the timing of key financial decisions can strategically reduce your small business’s tax liability.

Your tax bracket isn’t your tax rate. Learn the complete calculation that determines your final tax bill and the actual percentage of income you pay in taxes.

The IRS Child Tax Credit’s value is based on specific family and income criteria. Learn how these factors determine your final credit amount.