Want to get on someone’s good side? Help them out financially? Or, perhaps, just make them really happy? Give ‘em a gift! (Cash is always nice.) But if you’re in a gift-giving mood, and you have a lot ...

Plus: Proposed regulations for “no tax on tips,” new tax forms, Roth catch-up contributions, charitable donation deductions, state and local tax deductions, tax filing deadlines, tax trivia and more.

Internal Revenue Code Section 529 college savings plans are state sponsored plans designed to encourage residents to save for college. Regardless of age and income, anyone can make contributions ...

Business registration is the process for an individual or company to formally record their business with the specific state or government authorities to ensure the legal operation of their enterprise.

Tax season will be here before you know it. While April 15 might feel far away, we know firsthand how stressful tax prep can be — and how daunting the task of choosing tax software that meets all of ...

Q: I plan on purchasing gold coins for investment and possibly provide gifts to some relatives. What are the tax considerations if there are increases in value. A: An excellent source for this issue ...

Beverly is a writer, editor, and paralegal specializing in personal finance and tax law. She covers personal financial and legal topics, as well as tax breaks, tax preparation software, and tax law ...

A 529 plan can be a valuable tool to invest in a child or grandchild’s education. Not only that, it can also be a powerful tool in estate planning, offering tax advantages and flexibility that align ...

ITAT quashes DCIT's 153C assessments for Piyush Bongirwar, holding that a single diary page pertaining only to AY 2013-14 cannot justify assessment for later years without specific incriminating ...

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.

Quarterly estimated tax payments apply to individuals and businesses whose income is not fully covered by withholding.

IRS is developing a new Schedule 1-A to use to claim new deductions for tip income, overtime pay, car loan interest and new tax break for those 65 an older. IRS and Treasury give new guidance on what ...