Author: News Room

When Are Capital Gains Taxes Due on Real Estate Sales?

Selling real estate can result in a significant profit, but it may also trigger capital gains taxes depending on whether the property qualifies for IRS exclusions, how much was earned and how long you owned the property. In most cases, capital gains taxes are owed for the tax year in…

5 Things to Do With Your Windfall

Getting a tax refund always feels like finding a crisp $100 bill in an old winter coat. But this year, that coat is holding a lot more cash. According to recent data from the IRS, the average tax refund is sitting at $3,804. That’s up 10.2% — or about $351…

What Is the Credit for Other Dependents?

The Credit for Other Dependents provides a $500 tax benefit for qualifying dependents who don’t meet the requirements for the Child Tax Credit. This credit covers dependents age 17 or older, including adult children, elderly parents and other relatives who rely on your financial support. Unlike the Child Tax Credit,…

The 15 most educated states in the US — and the 15 least educated

Education in the US is far from a monolith.From long-standing education hubs in the Northeast to improvement efforts in the South, a child’s education can vary widely depending on where they live in the US.Across the nation, one trend is strongest: high-earning states outperform lower-earning states in education, due to…