Is Canceled Debt Taxable?
Generally, debt that is forgiven or canceled by a lender is considered taxable income by the IRS and must be included as income on your tax return. There are, however, some exceptions. Here's what you...
View ArticleLending Money? Make it a Tax-Smart Loan
Lending money to a cash-strapped friend or family member is a noble and generous offer that just might make a difference. Learn why it pays to plan ahead before you loan money to a friend or family...
View ArticleTax Benefits for Higher Education
Many tax benefits are available to help you pay higher education costs. Find out how you can take advantage of these benefits to ease the financial burden of paying for education, whether for your...
View ArticleMyRA Now Available for Eligible Workers
Intended for taxpayers with taxable income who lack access to retirement savings plan at work, the RA program was launched nationwide last month.
View ArticleCharitable Contributions of Property
As with many aspects of tax law, the rules regarding charitable contributions of property are quite complex. Here's what you need to know.
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