Going on strike or getting furloughed may be preferable to losing your job—but no easier to handle financially. Here’s how you can survive and thrive during a prolonged loss of income. A sudden loss ...

Learn how to deduct casualty and theft losses on your taxes effectively. Understand eligibility, criteria, and the filing ...

A new tax law effective in 2026 limits gambling loss deductions to 90% of winnings. Learn how this creates "phantom income" ...

It's called tax loss harvesting, and it refers to the relatively common strategy of selling off underperforming stocks or other assets at the end of a calendar year for a loss. Those losses can then ...

Tax-loss harvesting is a strategy to reduce capital gains taxes. Done right, tax-loss harvesting has short- and long-term wealth benefits. Read on to find out what this strategy entails and how it ...

The federal income tax laws recognize a partnership as an entity having its own taxable year (within limits) and having its own income and losses. It computes its income much as an individual does.

Gambling content 21+. The New York Post may receive an affiliate commission if you sign up through our links. Read our editorial standards for more information. Just when you thought you hit your big ...