Investment and Financial Markets

Learn how accumulating eligible expenses throughout the year can help lower your taxable income and why careful record-keeping is essential for filing.

Navigate the complexities of Florida’s local property tax system. This guide provides a clear look at how tax bills are formed and vary from city to city.

A tax ratio offers a precise look at your tax burden. Understanding this metric is key to effective financial decisions for individuals and companies.

Discover the IRS safe harbor for adjusting employee stock options in corporate transactions, ensuring continuity and tax compliance for post-merger equity awards.

This guide explains California’s system for paying tax on non-wage income, helping you manage your state tax responsibilities and stay compliant.

Explore how IRS rules for qualifying health plans affect your ability to contribute to an HSA while using a health care sharing ministry.

Gain a clearer understanding of your tax responsibilities as a landlord. Learn the principles for properly accounting for rental costs to reduce taxable income.

This guide clarifies the process for claiming the water heater tax credit, covering the necessary steps and documentation to lower your income tax.

Learn what specific documentation the IRS requires for charitable gifts of $250 or more to ensure your generosity qualifies for a tax deduction.

Learn how an early asset disposition or change in business use can reverse a prior Section 179 deduction, resulting in an ordinary income tax adjustment.

Understand the competing economic philosophies driving Republican and Democratic tax plans and how their proposals aim to shape the U.S. tax system.

For Arkansas employers, this guide details the requirements for properly handling employee state tax withholding, ensuring accurate and timely compliance.

For non-residents, U.S. estate tax obligations can be complex. See how international agreements alter these rules to provide clarity and tax relief.

Understand the tax implications of purchasing a heavy vehicle for your business, including accelerated depreciation options and reporting requirements.

Understand the key IRS calculation that uses your total income to determine if your Social Security benefits are subject to federal income tax.

Learn how Form 8606 is used to establish your IRA basis from nondeductible contributions and determine the tax impact of distributions or conversions.

Understand the tax implications of the MAPFML deduction in Box 14. This guide explains how these mandatory contributions are treated for federal vs. state tax returns.

Understand the Connecticut Attorney Occupational Tax, a professional requirement for lawyers. Learn how to navigate the process to ensure compliance and maintain standing.