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WASHINGTON (AP) — President Joe Biden restored a long-standing presidential tradition Monday by releasing his tax returns, showing that 25.9% of the first couple's income went to the federal government in 2020. The average federal income tax rate is just over 14%.

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More than 156 million households around the country have already received their third stimulus checks. But people experiencing homelessness may be missing out on money they’re eligible to receive because the IRS doesn’t have enough information about them. And not only could many unhoused people be missing out on the $1,400 third stimulus payment: They […]

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The third time’s the charm, as the saying goes. President Joe Biden made good on his campaign promises and signed the third stimulus bill, styled the American Rescue Plan, into law today. The new stimulus package comes with a few caveats. While it features the same income eligibility cutoffs for full stimulus checks as the […]

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Q: I have a question about selling your home and trying to determine the cost basis for tax purposes. Is the profit the difference between the sale price of the house today against your current mortgage balance? Or is it the difference between the sale price today against the original purchase price.

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TRUMP on his taxes: "They keep talking about $750, which I think is a filing fee. ... Tens of millions of dollars (in income taxes) I prepaid.…

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