“The benefits of the deduction go primarily to high-income taxpayers because high-income taxpayers tend to itemize more often ...

Cities in the Lake Minnetonka area have been approving their 2019 budgets and finalizing their property tax levies in recent weeks. Here’s a breakdown of what this means ...

Transferring a home to your children can offer them divorce, creditor and tax protections as well as provide a mechanism for managing the property.

Nonrefundable tax credits can only be used against taxes that you owe -- once your tax bill hits $0, you don't get the ...

Should county officials decide if nonprofit Idaho hospitals deserve tax exemptions? Health lobby says that would raise costs for patients.

Thomas County voters will decide on a 1% sales tax increase that could cut property taxes nearly in half. All six cities in the county have agreed to the plan after months of discussions. Watch the ...

Internal Revenue Service recently issued final regulations (final regs) imposing a tax on U.S. citizens, residents and ...

The Internal Revenue Service has set its calendar for the upcoming tax-filing season: Americans can start submitting their income-tax returns on Monday, Jan. 27. As people send in their 2024 ...

If you find out someone left you a little something in their will, chances are you won’t need to pay an inheritance tax on it. There is no federal inheritance tax, and only five states have ...

The Earned Income Tax Credit also increased to $8,046 for filers with three or more qualifying children. The Foreign Earned Income Exclusion, estate tax credits exclusion, annual exclusion for ...

“I mean, one that they could come with at any day ... But whatever it is, it's going to put added pressure on that school budget and drive property taxes up.” Last month, a study by SmartAsset ranked ...

Connecticut and Vermont have flat taxes, but most estate taxes are progressive — meaning the rate increases with the total value of the assets. Connecticut has a flat estate tax rate of 12% ...