Did you buy or sell a home in 2025? There’s a lot to think about, especially for first-time buyers or sellers. And with so many changes to tax laws and other financial matters during the course of the year, you may want a refresher even if you’re not a first-timer. Read on for all kinds of considerations, no matter which side of the deal you were on in 2025. 2025 tax tips if you bought a home If you bought your first home during 2025 using a mortgage, you’re probably going to get a hand at tax time. Unl ...

The math doesn’t add up. Billionaires watch their wealth grow by billions annually, yet many pay lower tax rates than middle-class workers. Some years, they pay nothing at all in federal income taxes. So I asked ChatGPT to explain how this actually works. The answer wasn’t about illegal tax evasion or secret offshore accounts. It’s simpler than that — and completely legal. The System Taxes Income, Not Wealth Here’s the foundation of everything: the U.S. tax code taxes income, not wealth. Billionaires d ...

SmartAsset and Yahoo Finance LLC may earn commission or revenue through links in the content below. Selling your home to downsize can make your retirement more financially stable, but if you have a profit on the sale you might owe capital gains taxes. Fortunately, in many cases those selling their primary residence who are single can exclude $250,000 from capital gains taxes, while married couples filing jointly can exclude $500,000. Employing this exclusion can reduce or eliminate capital gains taxes si ...

RT Milk Road (@MilkRoad)Right now in the U.S crypto has never really worked for normal daily spending.The main reason is taxes.If you use stablecoins to pay for something, it can count as a capital gains event. That means price tracking, record keeping and IRS reporting.Nobody is going to do that for ordinary payments.So stablecoins stayed stuck as something you mostly trade instead of something you actually use.A new bipartisan House bill wants to change that.If the payment is under $200, it wouldn’t trigg ...

Group 1 - The capital gains tax is applicable on profits from the sale of assets such as homes or stocks, and it varies based on the holding period of the asset [1][2] - Capital gains are defined as profits made from selling an asset at a higher price than its purchase price, excluding unrealized gains [2] - There are two types of capital gains: short-term, taxed at ordinary income rates, and long-term, taxed at lower rates [3][4] Group 2 - Short-term capital gains tax applies to assets held for one year or less, taxed at the same rate as the individual's income [3] - Long-term capital gains tax applies to assets held for over a year, with a maximum rate of 20% expected for 2025 tax filings [4][8] - The capital gains tax rates for 2025 are structured as 0%, 15%, or 20%, depending on the taxpayer's income level [8] Group 3 - Capital gains tax is not limited to stocks; it applies to various capital assets including real estate, bonds, mutual funds, NFTs, cryptocurrency, and collectibles [6] - The tax liability on capital gains is influenced by the duration of asset holding and the taxpayer's income bracket, with higher incomes resulting in higher tax rates [7]

The Nigerian Exchange seeks the suspension of a planned increase in capital gains tax that comes into effect in January https://t.co/QjrS1LZMPn ...

LATEST: 🇬🇧 The UK government is proposing a "no gain, no loss" tax framework for DeFi that would defer capital gains tax until users execute a true disposal, a move Aave CEO Stani Kulechov called a "major win for UK DeFi users." https://t.co/N7tMFkBvIf ...

🇪🇸 BIG: Spain’s Sumar party has proposed hiking crypto capital gains tax to 47%.Critics say the plan targets Bitcoin. https://t.co/keW0kwhw4T ...

RT Documenting Saylor (@saylordocs)🇹🇭 Thailand officially implements 0% capital gains tax on Bitcoin & crypto. https://t.co/xGDS7MzAa1 ...

RT Bitcoin Magazine (@BitcoinMagazine)JUST IN: 🇺🇸 Congressman Warren Davidson introduces "#Bitcoin for America" bill to:- Codify the Strategic Bitcoin Reserve Executive Order- Eliminate capital gains tax when paying taxes with BTC https://t.co/cFrqDEOfsE ...