Discover passive losses in investing, including their meaning, how they occur in non-participant activities, and ways to offset them using guidance from the IRS.

This story is free to read because readers choose to support LAist. If you find value in independent local reporting, make a donation to power our newsroom today. U.S. Sen. Bernie Sanders delivered a ...

Democrats on the Senate Revenue Committee settled Wednesday on a plan to stop taxing Oregon estates worth $1 million and instead raise the threshold to $2.5 million. But as a trade-off, their plan ...

California’s plan to hit its richest residents with a one-off wealth tax is a long shot, and its design has problems. But a look at who picks up the tab when billionaires scrimp on taxes, and how ...

Mayor Zohran Mamdani said his proposal to raise New York City property taxes was a “last resort” to close a budget gap. By Sally Goldenberg and Grace Ashford Sally Goldenberg reported from New York, ...

Retirement doesn't mean you're done with taxes. These overlooked deductions and strategies could help reduce your tax bill in 2026. Study of 27.8M Americans may have revealed direct Alzheimer's cause ...

HARTFORD, Conn. (WTNH) — The State Senate’s Republican caucus rolled out a $1.5 billion tax cut plan on Tuesday — reiterating criticism of a $500 million plan put forward by Gov. Ned Lamont (D) as ...

WICHITA, Kan. (KAKE) -- We're less than four weeks out until voters in Wichita decide "yes" or "no" on a citywide, 1% sales tax. There's been lots of visibility, between the ads and also town halls -- ...

Even while many Americans struggle with the cost of living, a proposed tax on California’s wealthiest people is loaded with controversy. The proposal would see a one-time 5% tax levied on California ...

The IRS began accepting 2025 federal income tax returns on Jan. 26. Some of the changes, passed in the Big, Beautiful Bill Act last year, impact returns this tax season. Read on for key deductions and ...

The Kenya Revenue Authority (KRA) has unveiled a new tax filing framework that will see taxpayers receive personalized guidance and support when submitting their annual returns. In a statement on ...

COLUMBUS, Ohio - If a proposed constitutional amendment abolishing property taxes were to pass, Ohioans may see sales taxes skyrocket into the double digits, Gov ...