In 2017, a Republican-controlled House and Senate passed the landmark Tax Cuts and Jobs Act. The TCJA more than doubled the ...

The Senate Finance Committee and the House have each advanced their versions of the 2025 tax bill, both aiming to make ...

The federal gift tax is payable by the donor of a gift, not the recipient, and a portion of the value of all gifts is exempt. The exclusion is $19,000 per person per year as of 2025.

The federal estate and gift tax, which imposes a tax rate up to 40% outside the exclusion, encourages charitable contributions by allowing dollar-for-dollar deductions for bequests.

Exceeding the annual gift tax exclusion doesn't mean you have to pay a gift tax — it just means you need to submit IRS Form 709 to disclose the gift on what's known as a gift tax return.

The Irsay daughters – Carlie Irsay-Gordon, Casey Foyt and Kalen Jackson – most likely don't have the $1.7 billion in liquid cash they would need to pay the massive 40% estate tax the Internal ...

The EV tax credit, which started during the Obama administration, is set to expire on Dec. 31, 2032. The new provision "accelerates the expiration to December 31, 2025." Trump Team Reportedly ...

Waynesboro approved its budget and two tax increases at the May 27 City Council meeting, although not unanimously. The $156.8 million budget — which contains a real estate tax rate of 82 cents per ...

Part of the massive domestic policy bill currently moving through Congress known as the “Big Beautiful Bill,” includes an unprecedented $5 billion national school voucher program. Republicans have ...

The 2025 gift and estate tax exemption amount is $13.99 million per person," said Geyer. "This is the highest estate tax exemption to date.

Senate Republican Leader John Thune said President Donald Trump’s giant fiscal bill is unlikely to repeal the estate tax. “I’d love to get rid of it,” Thune told reporters Wednesday ...