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Capital Gains Tax on Sale of Stocks

Capital Gains Tax on Sale of Stocks

Apps like Robinhood make it easy for everyone to play the stock market. If you’re a retail investor who made money last year buying and selling stocks, you may owe capital gains tax when you file your tax return this year. If you lost...

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Tax Breaks for Families With Children

Tax Breaks for Families With Children

If you have children, one or more of these tax credits and deductions could help your family reduce the amount of tax owed. Let’s take a look: Child Tax Credit Generally, taxpayers can claim the Child Tax Credit for each qualifying child...

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What’s New for 2020 Tax Returns

What’s New for 2020 Tax Returns

As always, taxpayers should be aware of several key items involving credits, deductions, and refunds when filing their tax returns. Let’s take a look: Recovery Rebate Credit/Economic Impact Payment. In January, the Treasury Department and...

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