Income Tax

You just welcomed a new bundle of joy into the world. But once the euphoria has worn off, you’ll start to realize—if you haven’t already—that kids are expensive.

Many limitations have been placed on traditional tax shelters over time, but the benefits of “irrevocable life insurance trusts” (ILITs) remain intact.

In total, Gonzalez caused a tax loss to the IRS of more than $420,000.

The system is currently used by major tax agencies around the world, including the Internal Revenue Service's Criminal Investigation Division and multiple states' tax authorities in the U.S.

Points paid on a new mortgage are fully deductible if you meet certain tax law requirements. Notably, the acquisition debt must be secured by your principal residence and ...

At-risk freshmen and centrist groups in the GOP view the child credit as an important policy tool that has across-the-aisle support.

A new program gives eligible solar and wind facilities in low-income areas increased investment tax credits of 10% or 20%.

The IRS informed taxpayers on the home energy audit requirements in order to claim the energy efficient home improvement tax credit.