The capital gains tax is destructive. By lowering the rewards of successful risk-taking—essential to innovation and a higher standard of living—the cap gains tax needlessly hobbles progress. It also ...

President Donald Trump has voiced his support for doing away with the capital gains tax on primary home sales, a move that could benefit homeowners and boost turnover in the housing market, but ...

House Bill 594, signed by Gov. Mike Kehoe this month, authorizes a full state income tax deduction for gains on assets held for more than one year, aligning with the federal definition of long-term ...

Dear Liz: My husband and I built a home on a hillside over 30 years ago in a desirable neighborhood with a beautiful view. We thought it would be our retirement home, but life had different plans. Now ...

Forbes contributors publish independent expert analyses and insights. Matthew F. Erskine is a trusts and estates attorney. In 2020, I explored several options for deferring capital gains tax on the ...

Starting in the 2025 tax year, Missouri will allow individuals to deduct 100% of capital gains reported on their federal tax return from their state taxable income, effectively eliminating the capital ...