Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. Legal fees as income? Why worry about deducting legal fees? Most ...

The sweeping policy bill signed by President Trump on July 4 ushers in an array of tax provisions that will affect virtually every American’s finances. It extends lower tax rates that skew toward ...

Many Americans could see heftier tax refunds next year when they file their 2025 tax returns, largely due to new provisions enacted through the Republicans' "one big, beautiful bill" act that are ...

It's time again to decide if you're going to slog through your own tax forms or enlist a pro. The IRS begins accepting 2025 tax year returns on Jan. 26 amid some of the most tax law changes since the ...

The "Big Beautiful Bill" fundamentally reshapes the tax landscape for high-income earners. The estate tax exemption jumps to $15 million per person, state and local tax deductions quadruple to $40,000 ...