The Latest Breaking News from IRS

The ultrawealthy are joining “accidental Americans” in renouncing their passports.

Using taxable accounts for some retirement savings in the 10 years before and after retirement can give you greater flexibility and benefit your heirs.

Are credit card rewards taxable? It’s a question that might cross your mind as you're racking up points, miles, or cash back. After all, who doesn’t love a little extra something for their everyday spending? But when tax season rolls around, it's natural to wonder if those perks come with…

Now you can get a tax deduction or reimbursement for certain medical expenses, like over-the-counter birth control and condoms.