For example, if you buy a couch for your home for $500 and later sell it on Facebook Marketplace for $200, you won't owe taxes on the sale because it's a personal item you've sold at a loss.
Donald Trump’s election with Republican House and Senate majorities has put the Internal Revenue Service back in the spotlight. The agency lost $20 billion in funding under the latest deal ...
If you own stocks that performed badly this year, you can use your losses to offset the taxes you would pay on other investment gains — a process called tax-loss harvesting. If you have no ...
A tariff is a tax that is levied on imported goods. It is typically used to increase the cost of foreign-made products, particularly those that come from countries that have significantly lower ...
this activity amounts to what economists consider a “deadweight loss” that does not help our economy expand in any way. Avoiding half a trillion dollars in taxes requires a lot of work and ...
If you're a SSDI recipient and have an additional income source, you may need to file your taxes this year. Even if you don't have to, you still might want to anyway, as you could receive a refund ...