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 ...

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, ...

Most of the Americas have suffered from interference from their powerful northern neighbour – and are usually the worse off for it Maduro detained in New York – live updates The US bombardment of ...

Newborns can look forward to the promised Trump accounts in the new year, but if parents, grandparents, friends or relatives plan to contribute, they can look forward to a tax headache, experts said.

In a video shared by him on X, he reacted to the proposed payouts, arguing that the U.S. economy cannot afford another injection of unearned cash. Drawing a direct parallel to pandemic-era stimulus, ...

According to a report by the Washington Post, the issue stems from an oversight in the “One Big Beautiful Bill” law passed this summer. The core problem is technical but severe. Under current IRS ...

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 ...