“We need more revenue, not less,” Committee for a Responsible Federal Budget president Maya MacGuineas said.

Investing is all about making your money work for you - getting money without having to actually perform labor. But what some investors may initially neglect to take into account is the fact that ...

Losing money inside your brokerage or retirement account may hurt—but it doesn’t necessarily mean a loss for federal tax purposes. The rules for determining a capital gain or capital loss depend on ...

Tax strategy that keeps you from selling land could make it easier for heirs to sell after you're gone. What farm families ...

Recognized gains are determined by the basis, which is the price at which you purchased the asset. Your gain is the money you made from the sale minus the adjusted basis price. Tired of your current ...

Tracking your portfolio growth, is important but knowing when your gains become taxable is just as critical. There is a key ...

If mutual funds sold securities and realized gains, those gains need to be distributed to shareholders of record. Those distributions usually occur in November and December. It’s hard to estimate how ...

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 – ...

Dear Liz: My husband and I built a home on a hillside over 30 years ago in a desirable neighborhood with a beautiful view. We thought it would be our retirement home, but life had different plans. Now ...

Would ending the capital gains lock-in for senior homeowners free up larger homes for families? Summary: For senior homeowners, removing the cap entirely or retroactively inflation adjusting the ...