It's a new year, which means it's time to start thinking about tax returns. While you do have until April 15, it's always a ...

There are fears Rachel Reeves will change the rules that allow people to give away some of their wealth seven years before death ...

Underthe seven-year rule, individuals are able to pass down money or assets either tax-free or at a reduced rate if they ...

Governor Kathy Hochul is proposing a tax break to reimburse organ donors. The state has failed to implement a 2022 law that ...

I have a large amount of fabric to donate. Are there any charities that hold fabric sales? — Barbara, Rumford ANSWER: I don’t know of any nonprofit organizations that hold specific fabric sales.

If a taxpayer misses the filing deadline, the IRS may impose significant penalties (up to 25% of the amount of the foreign ...

Originally set to kick off at the beginning of 2022, the IRS planned to implement a new reporting rule that would require ...

In a recent Editorial, Crain's asks if Chicago can afford to grant such tax breaks, but that’s the wrong question, writes Ald ...

The Cook County assessor's final estimates would shift the city's property tax burden slightly in favor of homeowners and ...

Decades ago, I inherited a valuable piece of art, and I’m now considering selling it to finance a grandchild’s graduate degree that will cost $80,000. What do I need to consider in regard to taxes? Do ...

While you're gathering your tax documents, there are scammers out there who want your money just as much as you do.