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 ...

Want to get on someone’s good side? Help them out financially? Or, perhaps, just make them really happy? Give ‘em a gift!

Your 2025 tax planning checklist: Essential moves for high earners Tax strategy doesn’t just happen in April. While it may feel like you just filed your 2024 taxes a minute ago, the time to set ...

But if you’re among the lucky few to inherit a home, there are legal and tax implications. Things get more complicated if the ...

IRS is developing a new Schedule 1-A to use to claim new deductions for tip income, overtime pay, car loan interest and new tax break for those 65 an older. IRS and Treasury give new guidance on what ...

Taxpayers who want to claim some attractive new income tax deductions that were packed into the One Big Beautiful Bill Act will need to keep their records — and get ready to file yet another form to ...

If you requested an automatic six-month extension to file your federal tax return using Form 4868, your new deadline is Wednesday, October 15, 2025. That extra time can help you organize your ...

In this week's Ask the Editor Q&A, Joy Taylor answers more questions about the use of qualified charitable distributions (QCDs) in end-of-year tax planning.

Tax season will be here before you know it. While April 15 might feel far away, we know firsthand how stressful tax prep can be — and how daunting the task of choosing tax software that meets all of ...