Donations of property are thorny because they’re often hard to value, unlike gifts of cash or traded securities. This category includes contributions of art, real estate, collectibles and nontraded stock, among others.

For years, I dreaded the possibility that a tax identity theft would complicate my life and delay my tax refund. Now I’ve finally taken steps to avoid it, and you may want to as well. 

In many countries, including the United States, one of the incentives for people to donate to charitable organizations is the potential for a tax deduction. However, not all charitable contributions are created equal in the eyes of the tax authorities. This blog post will explore what makes a charitable contribution tax-deductible.

Two terms that often come up in discussions about financial planning are "tax-free" and "tax-deferred." While these terms may sound similar, they refer to distinct investment strategies that can significantly impact your long-term financial goals.

Despite IRS delays in implementing lower thresholds for the issuance of 1099-K forms, most gig workers are unaware of the changed rules — meaning they're in for a surprise this tax season.

Several key provisions in the tax-and-spending package make permanent items such as the 2017 tax rates. Others are new laws that have been touted by supporters as terrific breaks for tip recipients, seniors, filers deducting state taxes and more.

And while millions of Americans will get tax breaks, some of the new provisions come with limits that dim their luster.