Taxpayers face a learning curve for figuring out how key tax deductions in the mega tax bill will work when they file 2025 tax returns next year.

You don't have to pay taxes on all types of debt settlement Jessica Gibson is a content update editor and writer for Investopedia. She has over 10 years of experience in digital publishing and three ...

In our Ask the Editor round-up, Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on the new tax deduction for ...

Letter writer suspects a new teacher’s wish list for her classroom is a “subtle request for gifts for herself.” ...

Unless you have given away more than $13 million in your lifetime, a $75,000 gift will not trigger the federal gift tax. Using this for a down payment also does not affect the result. A financial ...

October 9 will mark the second annual DAF Day. Nonprofits share how they plan to make the most of the day — and kick off year ...

When an adult inherits money, there is often freedom in how they can use it, unless specified otherwise through a will or ...

More rains swept across the country to start the week, adding to the planting pressure many were already facing. Now, the reality is becoming grimmer for some producers: some of their acres probably ...

The IRS 'No Tax on Tips' rule under the One Big Beautiful Bill Act provides a tax deduction for qualified tips, helping eligible workers increase their income.

The federal estate tax exemption increased again for 2025. Although the higher, IRS-inflation-adjusted number, announced last fall, may not have come as a surprise to most. However, 2025 is a pivotal ...