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

U.S. taxpayers preparing to file returns for 2025 — deadline April 15, 2026 — have one fewer free option this year.

Most people won’t owe gift tax in 2025 or 2026. Learn the annual limits, lifetime exemption, when Form 709 is required, and ...

Some have even added tax-prep options: You can submit both federal and state returns through Cash App Taxes and get the ...

The IRS began accepting tax filings on Jan. 26. Here's how much time you have left this season.

(NEXSTAR) – Tax season is nearly upon us, and if you’re a parent of non-adult children, this could be an important filing for you: you’ll be able to register your child for a Trump account. While the ...

January brings the new year, which means the month is filled with resolutions, settling into routine, and – whether you’re excited about it or not – tax season. Although it’s probably not your ...

Dear Liz: I have been paying college tuition for my grandson: $20,000 per semester for the last three years. He has used the university’s online option to pay the tuition by transferring the money ...

With tax season underway, North Carolina filers have lost one tool to complete their returns for free. The IRS Direct File system, a government-run tool that let some Americans file their federal ...

Forbes contributors publish independent expert analyses and insights. Admitted NY Bar and US Tax Court, covers US international tax law. IRS new Form 708 enforces a 40% transfer tax on U.S. recipients ...

A person may be able to file as Head of Household if their spouse has not lived with them for the last six months of the tax year. The IRS will begin processing 2025 income tax returns on Jan. 26, ...

'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 ...