Taxes
Bonuses paid by employers get special tax treatment and could have a significant impact on an employee’s tax situation. In…
Reporting tax-exempt interest on Form 1040 is required even though the interest is not taxed. This type of income often…
The federal corporate income tax rate in the U.S. is a flat 21% as of 2025. This rate applies to…
President Donald Trump is forging ahead in his second term with an ambitious and controversial plan to remake global trade…
As a U.S. territory, Puerto Rico can offer tax incentives not available on the mainland. This status allows it to…
When you donate noncash items—such as artwork, vehicles, clothing or other property to a qualified charitable organization, you must report…
Form 8396 is used to claim the mortgage interest credit. This is a nonrefundable federal tax credit available to certain…
An 83(b) election lets individuals who receive restricted stock or stock options pay taxes on the value at the time…
If you use your personal vehicle for business or other specific needs, you may be eligible to claim the standard…
When comparing California vs. Florida for taxes, the absence of a state income tax in Florida often draws attention. However,…