Given the long tumultuous battle and eleventh-hour compromise in Washington, few taxpayers will have had much time to make any informed decisions. Fortunately, they probably didn't have to, since the Bush tax cuts will be extended for two years.
"The right thing to do is to eliminate the AMT,” says one tax expert. “The AMT is an admission that the tax system is unsound." That may be but the federal government also needs the vast revenue the alternative minimum tax generates.
Portfolio moves can now be made with the knowledge that capital gains and dividend tax rates will remain at 15 percent, which means most people will want to hold onto their stock market winners.
Indeed, taxpayers during the final weeks of the year can significantly reduce the size of their taxable estate by taking advantage of the annual gift tax exclusion—along with two provisions that can that help them maximize the benefit of their goodwill.
Tax-managed mutual funds are designed to limit liabilities by taking tax consequences into account when buying and selling stocks, but many haven't lived up to their billings. Here's some alternatives.
Come April, some 90,000 freelancers and consultants will file their taxes as a sole proprietor amid the swelling ranks of independent workers nationwide. Here’s a primer on tackling your taxes .
Sales tax is straightforward but property taxes? Not so much. There are a million moving parts and any number of things that result in higher taxes. Here are Nine Things That Make Your Property Taxes Go Up.
You may want low tax rates to continue, but waiting too long to find out if that's really going to happen could have important consequences for your retirement savings.
Retirement savings accounts are a growing source of emergency cash for Americans hurt by the weak economy, but withdrawing money prematurely can have serious tax consequences. Here's how to soften the pain.
The recent selloff in the historically stable municipal bond market may have given tax-conscious investors pause, but investment pros say the intrinsic value of munis remains, especially for tax-conscious investors.
The US tax code is complicated enough to tackle on its own. Throw in the tax rules and regulations of another country, and you’ve got a nightmare combination of paperwork and deadlines to wade through. For expatriates, a little preparation will go a long way to smoothing the process of filing
Some tax deductions are obvious but there are some things you wouldn’t believe you can deduct! If you've got the stomach to itemize, it could save you a lot of money. Check out these 12 wacky tax deductions.
With economic growth and corporate profits under extreme pressure these days, corporate tax rates are under greater scrutiny. Click to see which countries have the highest corporate tax rates.
The Tax Justice Network released their "Financial Secrecy Index," which ranks the world's most secretive tax havens. So, what are the world's most secretive tax havens?
Each year, Phoenix Marketing International analyzes national data on millionaire households to reveal which U.S. states attract the most high-income families. Click to see the list!