Capital Losses If you sell capital property such as land, jewelry, securities or a range of other items at a loss, you may be able to claim a capital loss...

For Contracts That Are Not Tax Qualified: We are required to report to the Internal Revenue Service on Form 1099-LTC the gross amount of long-term care be...

There is no citizenship requirement for owning stocks of American companies. While U.S. investment securities are regulated by U.S. law, there are no spec...

Although more taxpayers will claim the standard deduction as a result of the changes, and the standard deduction will help lower your taxes, you may find ...

People who have moved here from the USA say that Kiwis are relaxed, friendly, and easy to get along with. Many US expats find New Zealand is quieter and g...

Having multiple savings accounts for each of your savings goals is a good idea regardless of current interest rates, Kulak says. Can you pay taxes from tw...

As you already figured out, if you work in more than 1 state, sometimes they will give you another W2 with the extra state information on it and the top p...

After a decline of 20% (in real terms) from December 2019 to March 2020, the U.S. equity market fully recovered in just four months and was back to its pr...

Yes, you can claim any eligible medical expenses if they occurred in a 12-month period that ends in the current tax year. For example, if most of your med...

Why the substantial increase? The increase in the wage base reflects any real wage growth. The maximum Social Security tax per worker will be $17,707.20—o...