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Federal income tax is a necessary evil, but residents in a few parts of the country don't have to pay state income taxes. Eight U.S. states don't impose any kind of income tax and one only taxes ...

Lea Uradu, J.D., is a Maryland state registered tax preparer, state-certified notary public, certified VITA tax preparer, IRS annual filing season program participant, and tax writer. David is ...

My tax situation has always been just complicated enough that I never seemed to qualify for free tax filing: Freelance income, home sales, itemizing my return to claim the mortgage interest ...

If you own a lot of stock, does that mean you’ll owe a lot of taxes? The answer is a bit complicated, but it comes down to this: only when you sell. You pay taxes on the profit from selling stock.

During President Donald Trump’s successful campaign bid last year, he proposed eliminating individual income taxes for all Americans and paying for the lost revenue by increasing import tariffs.

Mass IRS layoffs in the middle of tax season means fewer audits of wealthy people's complex returns, which some say essentially gives rich people an unintended tax break. Like they need one.

Partners on this page provide us earnings. While we adhere to strict editorial guidelines, partners on this page may provide us earnings. For many filers, tax season is synonymous with stress and ...

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A federal tax liability is an amount that’s owed to the government in taxes. It can include income taxes on earnings and capital gains taxes on assets. Both are based on brackets, a percentage ...

Janet Berry-Johnson, CPA, is a freelance writer with a background in accounting and income tax planning and preparation for individuals and small businesses. Her work has appeared in Business ...