Gifting Bitcoin in 2025? Learn how the IRS treats crypto gifts, what counts toward the $19,000 exclusion, when to file Form ...

How much money can I give to my son and daughter-in-law without incurring a tax issue with the IRS? -Irwin For 2023, you can ...

The US Internal Revenue Service (IRS) has announced that the annual gift tax exclusion will remain at $19,000 per recipient in 2026, the same as ...

The IRS is raising standard deductions for 2026 — up to $32,200 for joint filers and $16,100 for singles — along with larger credits for families, adoptions, and employer-provided childcare. The top ...

Beginning in the early 20th century, a new ethos for taxes took hold: Taxes should be imposed on the basis of means, with the greatest burden falling to those with the greatest capacity to pay. Such ...

The two sides may forge a deal, but what difference will it make to a president who doesn’t respect Congress at all?

You worked hard to have a comfortable life and pass on some wealth to your heirs. Unfortunately, if not done strategically, the transition of your wealth could result in a substantial tax burden for ...

As Diwali approaches, the exchange of gifts becomes one of the most cherished traditions across India. From gold jewelry and silver coins to expensive gadgets and vouchers, people love sharing gifts ...

Unless you’re reading this from the deck of your superyacht, you probably don’t have to worry about federal estate taxes. In 2025, only estates worth $13.99 million or more ($27.98 million or more for ...

Have you heard about the 2025 tax and spending megabill that President Donald Trump signed into law on July 4? This new law (Public Law 119-21 and referred to by Trump as the “big, beautiful bill”) ...

Gifts received from relatives and friends can sometimes land you in the income tax net. One such case was of a Mr. Maheshwari from Agra, who had to prove the genuineness of Rs 10 lakh received as cash ...

The holidays are the season of giving—and with a little planning, you can make your gifts both generous and tax-efficient.