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If you share a vacation home with family members, holding it in a limited liability company (LLC) is one option that offers several important benefits.

After a powerful start, stocks will grind higher in the second half of 2021. But watch out for curveballs.

For most Americans, taking the standard deduction on your tax return is better than claiming itemized deductions. See how much you can deduct on your next tax return.

The U.S. has a housing shortage and a love affair with home improvement, both of which could create tailwinds for this group of housing stocks.

Many tax changes have been enacted recently to help mitigate the financial damage caused by COVID-19. They may affect you if you collected unemployment last year or if you buy health insurance through a “Marketplace.”

When you sell your home, you’ll pay tax (or avoid it) based on the “basis” of the property. Here’s how to determine yours.

The COVID-19 pandemic has emphasized the importance of self-care. In response, businesses are building or rebuilding employee wellness programs.

If your business is a restaurant or anything like one, you may qualify for funding under the just-launched Restaurant Revitalization Fund. But you’ve got to act soon.

With the economy expected to improve in the months or quarters ahead, many business owners and entrepreneurs may decide to launch new enterprises. If you’re among them, be aware that the way you handle some of your initial expenses can make a large difference in your tax bill.

If you qualify to file as a “head of household,” you may pay less tax than if you file your tax return as a “single” individual

The Internal Revenue Service issued frequently asked questions today on how students and higher education institutions should report pandemic-related emergency financial aid grants.

To help taxpayers, the Internal Revenue Service announced today that it will take steps to automatically refund money this spring and summer to people who filed their tax return reporting unemployment compensation before the recent changes made by the American Rescue Plan.

Child care is expensive. The newly enhanced child and dependent care credit may help for 2021.

Life insurance benefits can help loved ones after your death. But you may want to keep proceeds from a policy out of your taxable estate. Here are some considerations.

Could your small business or restaurant use a tax-advantaged loan from the Small Business Administration? A recently passed COVID-relief act offers a couple of intriguing options.

About a year ago, the Paycheck Protection Program (PPP) was launched in response to the COVID-19 crisis. If your company took out such a loan, you’re likely curious about the tax consequences — particularly for loans that have been forgiven.

An emergency cushion is indeed important — and it’s certainly better to be conservative rather than cavalier when estimating your financial requirements

Saving now for retirement is one of the best moves you can make to help ensure financial security. If you’re eligible, you still have time to contribute to an IRA or SEP and save on your 2020 tax return.

If you own a home, the interest you pay on your home mortgage may provide a tax break in the form of the mortgage interest deduction. However, you must itemize deductions on your tax return and follow a few other rules.

Many people have found themselves working from home during the COVID-19 pandemic and wondering, “Can I claim the home office deduction for 2020?” The short answer is: Only if you’re self-employed. This article delves deeper into the other rules involved.