Discover how Form 8857 can help you seek relief from tax liabilities tied to your spouse or former spouse. Learn eligibility requirements and filing processes.

The gift tax limit affects how much can be given each year without tax consequences. See what counts as a gift and when ...

'My husband, daughter, son-in-law and I all went to the bank' "Do I need to fill out a Form 709 for this on my taxes this year?" (Photo subject is a model.) Dear Quentin, Last year, I told my daughter ...

Learn how 2025 tax brackets work and what they mean for your income tax this season. Defense Department says military newspaper Stars and Stripes must eliminate 'woke distractions' Trump Cabinet ...

Tax Day is coming, and soon it will be time to begin gathering forms. If you haven't looked at them yet, all those numbers and letters – W-2, W-9, 1099 – can easily overwhelm. Some forms are ...

Taxes for 2025 are due for most of us by April 15, 2026, which falls on a Wednesday. If you don't expect to file by then, you can request a six-month extension. If you filed electronically and chose ...

A:The amount that each person can give away during life or at death will increase from $13,990,000 to $15,000,000 as a result of the One Big Beautiful Bill Act, which was signed into law on July 4, ...

Parents who put money into their children’s “Trump Accounts” might face a headache come tax time: Even the smallest contributions may require them to fill out a little-used gift tax form that can take ...

Trump accounts for children explained: The Trump administration has officially introduced a new federal savings and investment tool for children that is already reshaping how families think about long ...