Capital Gains Tax
Capital Gains Taxes Really Do Apply to Inherited Property: Here’s How and How to Minimize Them
It's sad they passed away, but they left you a house. Selling it may hit you with capital gains, but you can minimize them. What…
So Much to Gain: What Are the Short-Term and Long-Term Capital Gains Tax Rates? Income Thresholds, Tax Brackets and More
High income thresholds mean I earn more without paying as much in capital gains taxes? Score! Oh, wait, that’s just inflation. The capital gains tax…
Capital Gains and Income: Are You Ready to Realize How Your Gains Affect Your Taxes?
Did you realize this about your capital gains? Are Capital Gains Considered Income? Capital gains are profits earned from the sale of capital assets like…
Section 1231 Property, How It Works, And Reporting Them On Your Taxes
[video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2025/03/1231.mp4"][/video] What is a Section 1231 Property? Section 1231 of the tax code provides guidance on the treatment of gains and losses…
Capital Gains Taxes and the Key Inside the 28% Rate Gain Worksheet
What is the 28% Rate Gain Worksheet? The capital gains tax is a tax on profits from selling a capital asset. It applies to a…
Taxable vs. Non-Taxable Income
[video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2025/03/Taxable_vs_Non-Taxable_Income_Explained.mp4"][/video] Generally speaking, the IRS considers almost every type of income under the sun to be taxable income. No surprises there, right?…
Are You Subject to the Alternative Minimum Tax (AMT)?
Learn About AMT Rules & Guidelines The Alternative Minimum Tax (AMT) is basically an income tax system that runs parallel to the regular income…
How to avoid Federal taxes on short sales and other debt settlements
Generally speaking, whenever you settle a debt for less than you owed, the difference counts as income – taxable income. A short sale is a…
