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(That’s up $1,000 from the 2023 tax year's limit since the gift tax is one of many tax amounts adjusted annually for inflation.) For married couples, the combined 2024 limit was $36,000.

The property tax deduction is great for homeowners. Here's how it works in 2024 and 2025 and what you can do to save money.

Once your portfolio crosses the $200,000 mark, taxes start playing a much bigger role in determining your long-term returns. You might be choosing smart funds, rebalancing regularly, and thinking ...

President Donald Trump’s tax and budget bill would increase deficits by $2.8 trillion over the next decade after including other economic effects, according to a more fulsome analysis of the ...

Little-noticed provisions in the massive tax-and-spending bill that the House of Representatives passed in May would greatly expand tax-free withdrawals from 529 accounts, as the popular plans are ...

You can look up your tax ID number on your EIN confirmation letter or business tax returns, or you can call the IRS. Confirming your own EIN with the IRS is free.

About 1.6 million Wisconsinites would pay lower income taxes under a $1.3 billion tax cut plan approved by Republicans on the budget committee.

Penn Wharton forecasts that the bottom 20% of U.S. households would lose $1,035 in 2026, while the top 0.1% of income earners would get an after-tax boost of $389,000 due to the bill's provisions.

GOP tax bill would cost poor Americans $1,600 a year and boost highest earners by $12,000, CBO says House Speaker Mike Johnson, R-La., attends a signing event for a bill blocking California’s rule ...

Massachusetts is offering a tax-free holiday on items under $2,500 from August 9th to August 10th. Learn more about the items included and excluded.

Congressional Republicans are laying the groundwork for a tax cliff at the end of President Trump’s term in office. While the conference is pushing to make the 2017 Trump tax cuts permanent ...