Up to 85% of your Social Security benefits may be taxed, but a new "senior deduction" can cut taxes—unless your income is too ...

When you sell your primary home, the IRS allows you to exclude a significant portion of the profit from your taxes. This exclusion – $250,000 for single filers and $500,000 for married, joint filers – ...

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 gains tax as I’m planning to pay off my retirement home with the money I ...

Even if you withhold taxes and take deductions, you might still end owing the IRS a chunk of money. Make sure you’re claiming the right deductions and are writing off any expenses you can. A tax or ...

It's April 15, and you know what that means — it's Tax Day 2025 and time to submit your tax returns. If you're scrambling to complete them in time, then you might be wondering if you can file for an ...

RALEIGH, N.C. -- Just a few weeks left to file your taxes and some North Carolina retirees are shocked to find out how much they owe in federal taxes due to changes to what's withheld in federal taxes ...

The IRS announced a furlough Oct. 8 that has some wondering what to do about an Oct. 15 tax deadline for those who requested ...

The following 41 states, along with Washington, D.C., currently do not tax Social Security benefits: The following nine states do have Social Security taxes in some form: ...

Thirteen recipients of bailout funds from the Troubled Asset Relief Program owe more than $220 million in unpaid federal taxes, Rep. John Lewis, D-Ga., said today at a hearing held by the House Ways ...

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Some people look forward to the tax-filing season because ...