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

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

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 author writes "This year, estate planning practitioners have significant opportunities for estate tax savings for our ...

"Can I Gift Crypto Tax Free? It depends on your country’s tax laws; many places may require reporting crypto gifts for ...

The IRS recently issued final regulations regarding the scope of cases that may be heard by IRS Appeals. Under the ...

"What Is Imputed Income? It refers to the value of non-cash benefits received, often used in tax situations to determine ...

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

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

You may fund a health savings account (HSA) with a high-deductible health insurance policy. Contributions to an HSA are ...