An added 4% tax on incomes over $1 million and capital gains over $250,000 could generate more than $200 million in annual revenue for the state, according to estimates provided to lawmakers.

I am selling my house and the price is $504,999. After paying off this house I will net $400,000. Do I have to pay a capital ...

Selling your longtime home and downsizing in retirement is a common practice for people entering their golden years. While ...

The alternative minimum tax (AMT) is a separate way to calculate taxes that makes sure high-income earners pay at least a ...

You can protect yourself against some tax blows such as the freeze of the income tax thresholds and higher taxes on ...

A recent post in the Chubby FIRE Reddit community lays out how you can minimize or eliminate your federal income taxes during ...

A married couple filing jointly can exclude up to $500,000 in capital gains from a home sale. If you net $640,000 from the sale of your longtime home, your capital gains tax bill will depend on a ...

Life changes can have a big impact on your taxes. Whether you’ve recently tied the knot, gone through a separation or are ...

This article was expert reviewed by Lisa Niser, EA, an enrolled agent and tax advisor. The capital gains tax rate ... head of household $250,000 for married couples filing jointly $125,000 for ...

As the end of the tax year approaches, investment experts are urging Britons to review their finances to ensure they are maximising their allowances. Doing so can help reduce tax liability, boost ...

That’s because these assets are subject to capital gains taxes, a tax of up to 20% (and ... However, if you’re married and filing jointly, both spouses must meet the residency requirement ...

Spring is always a good time to take stock of your personal finances, and never more so than today as Rachel Reeves gears up ...