For many Americans, offering a $60,000 gift to pay for a child’s wedding probably isn’t something to worry about from a tax ...

The final regulations implement Sec. 2801, added to the Code in 2008, and follow up on proposed regulations issued 10 years ago.

The Internal Revenue Service announced increases to the federal income tax brackets and the standard deduction for 2025.

A week before Inauguration Day, a dozen GOP lawmakers introduced the Fair Tax Act of 2025. The bill seeks to abolish the IRS ...

One major disadvantage of debt settlement is that the government may tax forgiven or canceled debt as income. This could eat ...

The federal estate and gift tax exemption changes from year to year. The current combined federal estate and gift tax exemption amount of ...

As tax season approaches, it's time to gear up for filing for 2024 taxes. Here's what you should keep in mind.

US Rep. Buddy Carter's Fair Tax Act would help Americans save money by putting them in charge of their tax rate, reducing tax ...