Tax Freedom Day marks the calendar date when Americans have collectively earned enough to pay all their...
The Section 121 Exclusion lets qualifying homeowners exclude up to $250,000 (single) or $500,000 (married...
A Revenue Ruling is an official IRS explanation of how tax laws apply to particular situations, offering...
Case law in taxes consists of court decisions that interpret and clarify how tax laws apply in real-world...
Tax treaties are agreements between countries designed to prevent double taxation and clarify taxing...
A Private Letter Ruling (PLR) is an official IRS written decision giving taxpayers personalized guidance...
Tax credits and tax deductions are two distinct ways to lower your tax bill. Understanding how each works...
Unrelated Business Income Tax (UBIT) applies to income earned by tax-exempt organizations from activities...
Progressive and regressive taxes determine how tax burdens shift across income levels, impacting your...
A Modified Endowment Contract (MEC) is a life insurance policy funded too quickly, triggering special...