Outdated tax rules hit homeowners hard: soaring prices mean many now face big capital gains taxes. A new bipartisan bill aims ...

But the tax-free allowance on capital gains has reduced in recent years from £12,300 to £6,000 in April 2023, and slashed ...

You will usually have to pay capital gains tax if you make a profit when selling buy-to-let properties, business premises, ...

When Mr A deposits the amount in an FD in favour of his wife, interest earned on it shall be clubbed with the income of her ...

The wealthiest people in America are taxed at a 37% marginal rate, according to the IRS. For individual taxpayers, that's ...

Yes, it’s entirely possible to make more than $100,000 and pay no federal income tax on it. This little trick is completely legal and — incredibly! — the tax code almost seems to encourage you to use ...

Millions of homeowners risk surprise tax bills on sale profits due to capital gains limits that haven’t changed since 1997, despite soaring prices.

The U.S. housing market is showing troubling signs of weakness—inventory is near historic lows, baby boomers are staying put, ...

According to TikTok finance influencer John Liang, you could be setting your kids up for big tax bills if you don't do your ...

Using their GICs to help purchase a larger house makes sense, Egan said. “Even if they have to take on a small mortgage, the ...

Partners need to be aware of certain benefits – and pitfalls – when it comes to tax filing once they tie the knot ...