Down payment amounts above $19,000 and received as a gift must be reported on a gift tax return by the person making the gift—not the beneficiary. But that doesn't mean the donor will pay taxes. "The ...

Gov. Janet Mills has warned against such broad-based tax reforms and Republicans have already vowed to oppose any tax ...

Under the current scheme, you can give away as much money as you like, inheritance-tax free, as long as you live seven years ...

Don’t wait for the tax season to be in full swing—start working on your U.S. expat tax return now and get a head start.

Internal Revenue Service recently issued final regulations (final regs) imposing a tax on U.S. citizens, residents and ...

How much money can I give to my son and daughter-in-law without incurring a tax issue with the IRS? -Irwin For 2023, you can give your son and daughter-in-law each $17,000 without having to deal with ...

Highlights: FM Nirmala Sitharaman's announcement on February 1 brings a gift for the Indian middle class with no tax payable ...

Finance Minister Nirmala Sitharaman presented the country's budget on February 1. The middle class has been given a big ...

While the budget received praise from the Prime Minister Narendra Modi and NDA leaders, opposition leaders criticised it, ...

A menu of options being circulated by congressional Republicans also includes new tax cuts for corporations and the ...

Many crypto investors have seen gains stretching above their capital gains tax allowance making them liable to the taxman.