Capital Gains Tax

Capital Gains Tax
Child Tax Credit
Estate Tax
Gift Tax
Income Tax
Property Tax
Tax Fililng
Tax Refunds

New Year, New Taxes: 2021 Tax Law Changes and Trends That Impact Your Tax Return

The tax year 2021 filing season is here and in the wake of the pandemic, there are different forms of tax relief and provisions that were either extended, expanded, or are new this season. Americans are also faced with a multitude of life changes that all have an impact on their 2021 taxes. For example, […]

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Capital Gains Tax
Income Tax
Nonfungible Tokens (NFTs)
Tax Fililng
Taxes

Intuit CEO Warns of Tax Bill Shock for Bitcoin, NFT Traders

(Bloomberg) — Intuit Inc. Chief Executive Officer Sasan Goodarzi warned that Americans who invested in speculative assets like Bitcoin or nonfungible tokens, and actively traded equities on commission-free websites could be dumbfounded at this year’s tax bill. “We’re gonna see a lot of that throughout tax season, where folks just didn’t understand what they did. […]

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Capital Gains Tax
Short Term Capital Gains
Tax Loss Selling
Tax Plan
Taxes

Taxes on Stocks: What Will You Have to Pay?

Capital gains taxes are owed only after an asset, like stock, is sold Buying and selling stocks involves paying capital gains taxes. How much you’ll owe depends on the amount of your earnings and how long you hold the stocks. While high-earners can pay as much as 37% on stocks they sell within a year […]

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Capital Gains Tax
Tax Deductions
Tax Loss Selling
Tax Plan
Taxes

9 Things You Didn't Know Were Tax Deductions

1. Sales taxes You have the option of deducting sales taxes or state income taxes from your federal income tax. In a state that doesn’t have its own income tax, this can be a big money saver. Even if you paid state taxes, the sales tax break might be a better deal if you made […]

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Billionaire Tax Proposal
Capital Gains Tax
Elon Musk
Taxes

Elon Musk fires back at critics: ‘I will pay over $11 billion in taxes this year’

Tesla’s visionary CEO Elon Musk can add another distinction to his list of record achievements—although it’s likely to be one he won’t relish. The wealthiest human to ever walk the earth posted on Twitter he will fork over more than $11 billion to the U.S. government this year, a tax bill that just may be […]

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Billionaire Tax Proposal
Capital Gains Tax
Estate Tax
Gift Tax
Property Tax
Tax Plan
Tax Proposals
Taxes

Super-Rich Americans Feel Relief as Tax Hikes Are Canceled for Now

(Bloomberg) — An exceptional year for wealthy Americans, at least in terms of their financial health, just got better. If West Virginia Senator Joe Manchin votes against President Joe Biden’s signature economic package, as he said he would on Sunday, rich Americans will escape any tax hikes, saving the top 0.1% hundreds of billions of […]

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Capital Gains Tax
Equity REIT
Mortgage REIT
REIT
Taxes

Understanding How REITs Are Taxed

How REITS Are Taxed Real estate investment trusts, or REITs, can be a great addition to a well-diversified portfolio. These investments offer a solution to those looking to benefit from real estate assets. However, they also come with their own unique tax implications. Here’s a look at how REITs are taxed and what you can […]

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Capital Gains
Capital Gains Tax
Estate Tax
Gift Tax
Inheritance
Inherited Property

I own a rental home in California. How can I leave it to my daughter so she can avoid capital gains taxes?

Dear MarketWatch, I live in California and own a single-family rental property that has a tenant with a 12-month renewable lease. The home is in a revocable trust. I would like to leave the property to my daughter. I have one other child who I don’t intend to leave any of this property to. My […]

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