In 2025, the IRS increased several key tax credits, providing taxpayers with greater opportunities to save. Whether you’re a ...

Under the new tax regime, as per Section 115BAC, taxpayers are required to forego many of the deductions available under the ...

As 2025 begins, it’s the perfect time to hit refresh on your financial goals that you may have procrastinated over the past ...

The 2024 law is similar to a law Pritzker signed in 2019 creating a property tax relief task force. The report that resulted ...

Robert Powell: The Tax Cuts and Jobs Act was enacted in 2017 and was scheduled to sunset after 2025, but who knows in the wake of the federal election. Here to talk with me about this is Noah Harden, ...

An important part of financial planning for physicians with children can be 529 plans.

Gov. Gretchen Whitmer’s road funding plan would take a tire iron to Michigan’s legal cannabis industry, cannabis insiders say. The plan outlines $2.2 billion in new taxes, including adding a wholesale ...

It's a new year, which means it's time to start thinking about tax returns. While you do have until April 15, it's always a ...

On the most basic level, artists who may not earn much or any of their income from the sale of their artistic output need to prove to the IRS that they are professionals and not just dilettantes.

For federal estate and gift tax purposes, transfers are valued at the “fair market value” of the asset on the date of transfer. One of the more ...

The beginning of each year is a great time to start next year’s tax planning. One area to help reduce your tax obligation, that benefits from an early in ...

Yet rich parents often want to give more. Here are the (sometimes barely legal) ways they get it done. A trust distributes parents’ assets to a child according to conditions they set, and it can give ...