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

However, the new regulations, scheduled to take effect next January, will cut this exemption in half to $7,500. This move is ...

Here are eight types of income that are free from federal taxes. Child support payments are nontaxable income for those who ...

The purpose of a gift in trust is to avoid gift/estate taxes, as there is a lifetime gift/estate tax exemption limit. For 2025, that limit is $13.99 million. There's also an annual gift exclusion ...

President Donald Trump may cancel income tax for Americans earing below $150,000 annually, Commerce Secretary Howard Lutnick ...

It’s about time government tightens its belt Isn’t it crazy that people are so upset about federal employees losing their ...

Republican lawmakers in Congress introduced the Death Tax Repeal Act, which aims to permanently eliminate the federal ...

Lavish weddings in Ghana, known for their grandeur and extravagant gifts, are attracting the attention of tax authorities as ...

Longtime homeowners would be exempt from paying property taxes when they reach that benchmark under a bill introduced in ...