Family, fun, food and fireworks. It's that time of year when many will be celebrating the Fourth of July holiday. All too often, however, celebrations can end with a trip to the hospital if fireworks are mishandled. The U.S. Consumer Product Safety Commission wants to make sure consumers know the [...]
Members of the military and their families often qualify for special tax benefits. For example, members of the armed forces don’t have to pay taxes on some types of income. In addition, special rules could lower the tax they owe or allow them more time to file and pay their [...]
Summer travel and gasoline go hand-in-hand, and with consumer demand for gasoline approaching its annual peak, people across the country are preparing to drive to vacation destinations. Motorists might be interested in learning more about the "Best & Worst States for Summer Road Trips," the "Best Gas Rewards Credit Cards," [...]
The Treasury Department and the Internal Revenue Service recently issued final and proposed regulations concerning global intangible low-taxed income under section 951A, the foreign tax credit, the treatment of domestic partnerships for purposes of determining the subpart F income of a partner, and the treatment of income of a controlled [...]
Personal-finance website WalletHub released its latest Credit Card Debt Study, which found that consumers paid off $38 billion of their roughly $1 trillion in credit card debt during the first quarter of 2019. Given that this year’s first-quarter paydown was smaller than last year’s, WalletHub now projects a $70 billion [...]
The Internal Revenue Service reminds taxpayers who pay estimated taxes Monday, June 17, is the deadline for the second estimated tax payment for 2019. Examples of those who may need to pay quarterly estimated taxes include self-employed individuals, retirees, investors, and some individuals involved in the sharing economy, among others. [...]
For fanatics of pro cycling, spectacles of power and speed can be washed down at leisure while sipping Lombardy’s light, red wines paired with risotto and ossobuco this fall in northern Italy. Over the eight days of the Italian Autumn Classics, Oct. 7-13, the rough riders of three end-of-season bicycle [...]
Couples who are getting married this year already know there are plenty of big and small details when planning a wedding. Along with the dress, cake, guest list and gift registry, their first tax return as a married couple should also be on their checklist. The IRS has tips and [...]
