In 2023, the Legislature passed a bill by House Minority Leader Anthony Daniels, D-Huntsville, to exempt overtime pay from ...

You will usually have to pay capital gains tax if you make a profit when selling buy-to-let properties, business premises, ...

Socialist Zohran Mamdani, the presumptive Democratic nominee for New York City mayor, is facing criticism over a campaign ...

Global shares are mostly lower Tuesday a day after U.S. stocks continued a stunning recovery from a springtime sell-off of roughly 20%.

The new spending plan will mean higher taxes on gambling, smoking, and high-end real estate sales in New Jersey.

The Oracle of Omaha has jettisoned more than 401 million shares of Bank of America stock since mid-July 2024, and built up a ...

The proposed amendment aims to reduce the tax burdens and complexities associated with fundamental crypto activities like ...

Utah Sens. John Curtis and Mike Lee each filed amendments to the “One Big Beautiful Bill Act,” the massive reconciliation bill containing President Donald Trump’s top priorities.

Moderate House Republicans from high-tax blue states and the Trump administration are zeroing in on an agreement for the ...

New Jersey finalized a corporate income tax expansion, setting up a likely legal challenge. Meanwhile, Republican senators ...

As the end of the financial year approaches, a familiar culprit lies behind the selling in some of the sharemarket’s biggest laggards: investors trying to lower their tax bill. At around this ...

Say you bought shares of XYZ for $50,000 and XYZ is now worth $40,000. By selling the shares for $40,000, you “harvest” a $10,000 loss. Tax law states that the loss is first used to offset ...