Taxes

California on Monday becomes the nation's largest state to offer legal recreational marijuana sales.

California on Monday becomes the nation's largest state to offer legal recreational marijuana sales.

____ US stocks slide on final trading day of 2017 Wall Street capped its final day of trading for 2017 in the red, weighed down by a broad slide in light trading ahead of the New Year's holiday.

Goldman Sachs is expecting a $5 billion hit to profits during the fourth quarter because of the tax overhaul signed into law last week.

Goldman Sachs, citing recent tax overhaul in US, expects to take a $5 billion hit to profits this quarter.

Massachusetts residents have until Friday to prepay their property taxes.

In this season of giving, charity seems to be getting an extra jolt because next year the popular tax deduction for donations will lose a lot of its punch.

Homeowners are lining up in droves at local tax collection offices, hoping for one last chance to take advantage of a major tax deduction before it is wiped out in the new year.

The U.S. Internal Revenue Service on Wednesday advised homeowners who are rushing to prepay their 2018 property taxes before a law signed by President Donald Trump takes effect next year that the payment may not be tax-deductible.

The Latest on a rush to take advantage of a disappearing tax exemption (all times local): 6:30 p.m.

It's a Christmas gift the middle class might want to give back in a few years.

Two major European companies, oil producer Shell and Barclays bank, say the U.S. tax reform law will force them to take big charges in the last quarter of the year.

Saudi Arabia and the United Arab Emirates have long lured foreign workers with the promise of a tax-free lifestyle.

In a Dec. 21 story, the Associated Press reported that the threshold for deducting unreimbursed medical expenses was going to rise to 10 percent of adjusted gross income in 2020.

No one wants to be caught off-guard when it comes to their finances.

Craft breweries are raising a glass to the Republicans' new tax overhaul: It cuts the excise tax on beer.

Now that the GOP has passed its sweeping tax reform legislation, which is expected to alter tax rates for millions of Americans, it may not be too long before some employees see those changes reflected in their paychecks.

To hear Donald Trump talk, you'd think Barack Obama was the president who stole Christmas.

Shoppers who are feeling good about the economy and spending more than expected on items like kitchen gadgets, toys and coats could make this the best holiday season in several years.