Now that the tax and spending bill has been signed into law, how it will impact the finances of Americans is more clear.

Cash gifts and income are subject to IRS reporting rules. Gifts of up to $19,000 in cash are exempt from reporting in 2025. Those who have household employees must report cash payments that exceed ...

With the dependent care FSA, you can set aside up to $5,000 per household for 2025, which you can use tax-free for eligible child care expenses. The $5,000 household limit applies regardless of ...

WASHINGTON—The first public version of Republicans’ long-awaited tax bill aims to put more money in Americans’ pockets quickly in early 2026, extending President Trump’s expiring tax cuts ...

But thanks to annual and lifetime exclusions, most people will never have to pay a gift tax. In 2025, you can give gifts of up to $19,000 to as many people as you want without any tax or reporting ...