Learn how the income exclusion rule categorizes certain incomes, like certain interest and child support, as tax-free, ...

The break is the result of a compromise between Democrats and Republicans. As Americans file their tax returns for 2020 -- a year riddled with job insecurity -- millions who relied on unemployment ...

Income shifting lowers taxes by moving income from high to low tax brackets. Explore methods for effective tax planning.

WASHINGTON -- As welcome as the American Rescue Plan is for many people, the fact that it was signed into law in the middle of tax filing season raises a number of questions. That's because some ...

The State and Local Tax (SALT) deduction is a federal tax benefit that lets you deduct certain state and local taxes from your taxable income. It covers property taxes, state and local income taxes, ...