Here’s a quick estate planning tip: one of the easiest ways to reduce the size of your taxable estate is to take advantage of your gift tax ...

Unless you have given away more than $13 million in your lifetime, a $75,000 gift will not trigger the federal gift tax.

A black belt shopper wearing heels stopped an armed robbery at a convenience store by karate kicking the assailant. Justin ...

The IRS also remains under a hiring freeze as the busy tax season continues. Experts worry that the freeze and mass layoffs could affect refunds, taxpayer services and more this tax season.

The income Tax Department imposes a tax on every transaction. You will be surprised to know that the Income Tax Department ...

These 10 taxable items can impact your finances by lifting your tax bill. They include investments, Social Security benefits, and retirement plan distributions.

If the residence nil-rate band is not enough to protect your wealth, then you should make the most of gift allowances. Perhaps the simplest way to avoid an inheritance tax bill is to give away ...

Taxpayers who get paid from third-party apps like Venmo, Zelle, or PayPal, and those who receive payments from credit cards, debit cards, or gift cards may receive a tax document called a Form 1099-K.

Americans could see their tax bill change next year as a legislative battle looms. Many provisions from President-elect Donald Trump's major tax package from his first term, 2017's Tax Cuts and ...

The UK is in ongoing discussions with wealthy foreigners about the taxes they pay in Britain, following a backlash against a fresh crackdown on the so-called non-dom regime by Chancellor of the ...

When you buy a gift card, you don’t pay tax on the gift card. The retailer will charge tax when you buy a taxable item with the gift card. For example, you pay tax on a sweater you buy with a gift ...

In the previous Union budget, the government extended favourable tax treatment to retail funds in Gift City, similar to what was earlier extended to non-retail funds. However, no asset manager has ...