After graduating with a journalism degree from SUNY Oswego, he wrote credit card content for Credit Card Insider (now Money ...

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 ...

Want to lower your tax bill while supporting your favorite causes? Find out how Qualified Charitable Distributions can help ...

The U.S. Senate has confirmed billionaire investor Scott Bessent as President Donald Trump’s treasury secretary ...

This change dropped the number of Americans who itemize their taxes from 31% to 9% in 2020. In turn, charitable giving by middle- and lower-income taxpayers dropped significantly, leaving fewer ...

Most Americans like the Trump administration's tax cuts. Now, Congress must decide what taxpayers would give up to keep them. President Donald Trump mandated sweeping tax relief, especially for ...

Unlike donations to charitable trusts, there is no form or reporting mechanism under the Income Tax Act, 1961 for donations to political parties. Now, many who reported such donations in their ...

Most Americans like the Trump tax cuts. Now, Congress must decide what taxpayers would give up in order to keep them.

Congress is now engaged in negotiations to renew the Tax Cuts and Jobs Act (TJCA), with the year-end expiration of many ...

When it comes to taxes, Americans don't shoulder as heavy of a burden as those in other advanced countries. But that kind of tax relief doesn't come without compromises. Overall, total taxes ...

Mayor Fuller announces a historic tax cut in Opelika, reducing the occupational license fee, benefiting small businesses and ...