The 2025 gift tax exclusion allows $19,000 in tax-free gifts per person, helping high earners manage future estate taxes.

Separately, the lifetime gift and estate tax exemption (the amount you can transfer over your lifetime and at death before paying federal estate or gift tax) is scheduled to rise to an ...

A man convicted of a series of crimes committed in 2021 in Mason City was ordered to serve up to 10 years in prison Monday, ...

Parents who want to help a child financially often worry that generosity will trigger a tax bill. The rules are more flexible ...

I'm going to give my daughter my house. I could either just give it to her directly, or give her the cash and have her buy it from me. I'll need to file the gift tax form in either case, and I'm not ...

Our gift tax calculator estimates how much of your annual and lifetime exclusions will be used up by your gift, and whether you'll have to pay any taxes on it. Many, or all, of the products featured ...

A: Hospitals and doctors want you to be safe, and they don't want to get sued. You are required to get a ride home after a colonoscopy because the sedation they use, typically midazolam or propofol, ...

The U.S.government may be partially shut down with no apparent end in sight, but the taxman never rests. According to Internal Revenue Service guidelines, taxpayers who requested an extension by the ...

A federal police officer walked up to a 19-year-old protester and blasted chemical spray directly in her face at Thursday night’s protest outside the U.S. Immigration and Customs Enforcement building ...

Households, including 1.25 million on Long Island, must list the refund of up to $400 as income on their federal taxes, the Gothamist reported. They will not be on the hook for a state tax levy. Gov.

DELMARVA - Time is running out for electric vehicle buyers to cash in on federal tax credits worth thousands of dollars. The long-standing incentive, which provided up to $7,500 off new EVs and $4,000 ...

Sen. Ruben Gallego has proposed a bill that would eliminate all taxes on Social Security benefits. The bill would also expand the Social Security payroll tax to apply to incomes over $250,000.