2025 gift limit Gift tax limit 2025 The IRS announced increases in gift and estate tax exemptions for 2025. The annual gift tax exclusion rises to $19,000 per recipient, up $1,000 from last year's ...

Trump’s economic package was just approved by the Senate. Among the tax cuts is a plan to exempt tips from federal income ...

Long Island’s last commercial duck farm is rebuilding after a bird flu outbreak forced the destruction of its entire ...

Melanie Krause was named acting IRS commissioner and deputy commissioner in February. She previously served as the agency’s chief operating officer. Billy Long’s Career Background ...

Explore the Kafkaesque reality of Khaby Lame's deportation amidst Trump's harsh immigration policies, highlighting the irony of a beloved TikTok star entangled in a complex bureaucratic system.

Her adjusted closing balance is $18,000 and her adjusted opening balance is $15,000 ($12,000 + $3,000). She uses the IRS formula to determine the earnings: ...

So let's say you offer $1,000 and you tell the IRS 'During this time frame, I'm going to pay $100 a month.' So you can be making payments on your offer, or you can wait until they accept it or ...

Despite the budget and staffing cuts, the IRS plans to hire more than 11,000 call center representatives to “maintain” its current level of phone service to taxpayers. The agency is asking for $852 ...

The IRS is now sending out the final round of tax refunds for the 2025 filing season. As of June 4, millions of taxpayers have received their refunds, but a growing number are reporting unexpected ...

Huang used TurboTax to prepare and file her 2015- and 2016-income tax returns. According to her complaint, TurboTax never notified her of the Form 3520 filing obligations, resulting in her filing ...