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Taxes & Filing
Credits, deductions, capital gains, and painless filing each season.
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Latest in Taxes & Filing
EMI bounce can incur penalty, lower credit score; is there a grace period before it's reported to credit bureaus?
1+ hour ago (425+ words) When an EMI payment fails, for reasons such as late salary credit, an insufficient balance, or a technical glitch, borrowers may have to deal with more than just a penalty from the lender. A bounced EMI can also lower your…...
Only These 8 States Tax Social Security, But Your Benefits Might Still Taxed Anyway
1+ hour, 40+ min ago (973+ words) Most retirees assume they know whether their Social Security benefits will be taxed, but a little-known income calculation catches many off guard regardless of which state they call home. If you’re approaching retirement, it may be time to start thinking…...
Congress advances bill to fully deduct gambling losses, reversing cap from earlier tax overhaul
3+ hour, 1+ min ago (415+ words) The House Ways and Means Committee voted 38-5 to restore full deductibility, a move estimated to cost the federal government $2 billion over a decade. The House Ways and Means Committee just overwhelmingly approved a provision that would let gamblers deduct 100% of…...
Fiscal Facts: Wisconsin’s total tax levy sees largest increase in nearly two decades
3+ hour, 36+ min ago (348+ words) Gross property tax levies across Wisconsin collectively grew by 5.8% on December 2025 tax bills, easily outpacing inflation as the largest increase in nearly two decades. This gross figure includes all levies imposed by all local governments and school districts in Wisconsin,…...
POLL: A 5% Treasury Leaves America Four Ways Out \ stacker news
6+ hour, 42+ min ago (296+ words) The 10-year Treasury is around 5% while federal debt held by the public is roughly the size of the entire U.S. economy. That changes the debt conversation. As old low-rate debt gets refinanced at higher rates, interest expense rises. If large deficits…...
Column: The case against cutting Social Security benefits
6+ hour, 59+ min ago (400+ words) It’s an interesting line of reasoning, to say the least. The current benefit formula was adopted in 1977 and was designed to keep the replacement rate of benefits — the benefit in retirement as a share of average earnings while working — stable....
They Gave the Kids the Lake House and Filed a Gift-Tax Return Showing Nothing Owed. Three Years Later the IRS Lost the Right to Ever Argue About What the House Was Worth
5+ hour, 57+ min ago (472+ words) A single IRS form that reports zero tax owed can permanently seal a gift's valuation from future audit, yet most families never file it, leaving a window open that the government can crawl through decades later. Life After Work desk....
He Converted $120,000 to a Roth in December and Paid the Tax in April. The IRS Charged an Underpayment Penalty Back to the Previous April, for Income He Hadn't Earned Yet. One Form Erases It
7+ hour, 49+ min ago (666+ words) The IRS can charge a penalty for income that did not exist yet, and the math behind it is perfectly legal. One obscure tax form rewrites the calculation entirely, but most preparers never file it. Life After Work desk. Editor:…...
13 Popular Arizona Retirement Destinations Where It's Cheaper To Rent Than Own
17+ hour, 5+ min ago (279+ words) Dreaming of relocating to Arizona in retirement? Turns out it's substantially cheaper to rent than it is to own a home in the most popular destinations. That said, some areas still have pricey monthly rent which can easily rival a…...
The Tax Bracket Cliff That Doesn't Actually Exist
5+ hour, 23+ min ago (176+ words) Here’s how the federal tax brackets actually work, plus a real-life example....