Income taxes

Inflation adjustments to tax brackets mean many Americans will owe less money to the IRS. But persistent inflation may erode the boost.

Florida, Texas and Arizona are the top destinations; the first two have no income tax, and the third is moving to a flat rate soon.

Donor-advised funds, favored by rich businessmen and celebrities, rack up tax benefits while delaying charitable giving.

Many see Social Security reform as needed but question remedies put forward by Rep. Angie Craig and others in Congress.

The Empire State is expanding a tax break that allows smaller companies to circumvent the $10,000 limit on state and local tax deductions.

DAFs have been receiving more than half their contributions from complex assets such as shares of public and private companies, real estate and cryptocurrency in the past five years.

Senator Joe Manchin and Majority Leader Chuck Schumer have struck a deal on a tax, energy and climate bill, breaking a deadlock on the Democrats’ long-sought legislation to enact major parts of President Joe Biden’s agenda.

The guidelines can help planners with charitably minded clients steer clear of compliance thickets and run-ins with the IRS.

Workers in the U.S. who are increasingly job-hopping these days risk making one of the biggest financial mistakes out there.

While the chances of scrutiny are relatively low, these issues can put a wealthy taxpayer on the agency’s radar.