If you have no capital gains this year, your losses can offset up to $3,000 of ordinary income — anything beyond that can carry over and be used to lower taxes. in the future. TurboTax Free Edition.

Eliminating taxes on Social Security benefits would provide current beneficiaries with thousands more dollars but could cause ...

Alaska is by far the best state for all types of personal taxes. There is no income tax and there’s also no state-based sales tax (unlike other states). Local sales tax still exists. However ...