As one state becomes a test case, policymakers and taxpayers across the U.S. will be watching closely to see what happens next.

The new Income Tax Bill, 2025 proposes a one-time tax relief. It could lower capital gains tax for many. Long-term capital losses until March 31, 2026, can offset short-term gains from 2026-27. This change offers broader tax planning.

Sen. John Cornyn, R-Texas, introduced a bill to alter how mutual fund shareholders’ capital gains are taxed, a move the lawmaker and industry groups said would help investors grow wealth.

I explored several options for deferring capital gains tax on the sale of artwork. Here is an update for 2025.

The House tax plan cuts charitable giving tax incentives for donors to most nonprofit groups while roughly tripling the incentive available to donors to groups that fund private K-12 school vouchers.

A bill that could soon be enacted into law would let Missourians spend their bitcoin without incurring a capital gains tax.

New income tax bill 2025 allows one-time set-off of LTCL with STCG tax year 2026–27 onwards; This may help in lower capital gains tax outgo