What are short-term capital gains taxes? Short-term capital gains tend to be when you owned an asset for a year or less before selling it for a profit. Short-term gains may be taxed at a higher rate than long-term ones.
How long does it take to get a tax refund? Get a breakdown of how much time it generally takes to receive a tax refund depending on how the return is filed and which method is chosen to receive the refund.
Progressive tax definition & advantages A progressive tax is one of two main types of tax systems used by a country. Under a progressive tax system, taxes are based on a taxpayer’s ability to pay.
How to reduce taxable income: Can the average American pay no taxes? Taxes are a huge expense for many households. Here are a handful of examples of how families and individuals can save on taxes.
What are the tax benefits of marriage? Marriage can have a big impact on a couple’s financial situation, especially in how they file their tax returns and how much tax they’ll pay.
States that don't tax retirement income Depending on where you live, your retirement savings may last longer. Discover which states don't tax retirement income.
Taxes on inheritance and how to avoid them Though estate planning can be an emotional process, it's important to understand the tax implications.
How to avoid capital gains tax Capital gains taxes are owed when an asset is sold for more money than was paid for the asset. Learn more about capital gains taxes and how to avoid them.
What is tax-loss harvesting? Tax-loss harvesting is the investing technique of selling depreciated securities to offset gains within a given tax year.
Are political contributions tax-deductible? Political contributions are not tax-deductible. This applies to a wide range of donations associated with politics. Learn more about key considerations.
Gift tax: What is it and how does it work? Learn more about exclusions, tax rates, and how you can avoid gift tax.
Five reasons to take advantage of tax-deferred retirement savings plans Here are five compelling reasons to maximize your contributions to tax-deferred retirement savings plans.