Most Americans have probably figured out that corporations enjoy tax code benefits that work in these companies’ favor. Through strategies like deductions, depreciation and creative accounting, many large companies pay a lower effective tax rate than the average American family. Meanwhile, the middle class often feels squeezed, and sometimes resentful, watching billionaires and businesses benefit from loopholes they can’t access. Learn More: I Asked ChatGPT What Would Happen If Billionaires Paid Taxes at t ...

Most seniors don’t realize there’s a clever financial maneuver that can shrink their tax bill in a big way. In fact, if you’re over a certain age, filing jointly with your partner, and meet the right conditions, you could earn as much as $141,900 tax-free in 2025. The strategy is called tax gain harvesting, and it could reshape your retirement plan. Must Read Tax gain harvesting Much like tax-loss harvesting, tax gain harvesting involves selling your assets strategically to lock in gains at lower tax r ...