Elon Musk said his “DOGE team” of government efficiency enforcers is shutting down some payments to federal contractors, ...

My brother and I want to do the right thing for our younger brother and give him an equal share from our inheritance. I know most states don’t have inheritance taxes, but since he won’t technically be ...

Down payment amounts above $19,000 and received as a gift must be reported on a gift tax return by the person making the gift—not the beneficiary. But that doesn't mean the donor will pay taxes. "The ...

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 give your son and daughter-in-law each $17,000 without having to deal with ...

New York was the first state in the country to pass such a measure. Donor advocates estimated it could save 100 lives per ...

The Arizona House gave preliminary approval Thursday to the proposal that would allow tipped workers to deduct tips from ...

For the ultrawealthy, the document floats eliminating the federal estate tax, at an estimated cost of $370 billion in revenue ...

Three Detroit housing developments — including a unique collaboration between Henry Ford Health and the Detroit Pistons — ...

A menu of options being circulated by congressional Republicans also includes new tax cuts for corporations and the ...

Alison Byerly is president of Carleton College in Northfield, Minnesota.

JACKSON, Miss. (WTVA) — Mississippi Gov. Tate Reeves delivered his 2025 State of the State address on Wednesday, Jan. 29. He ...

If a taxpayer misses the filing deadline, the IRS may impose significant penalties (up to 25% of the amount of the foreign gift or inheritance received).