Gifts you make throughout your lifetime can be protected from taxation by exclusions of many millions of dollars if you ...

Mayor Cherelle L. Parker and Philadelphia City Council are in the final stages of negotiations over the next city budget, and ...

A new problem is beginning to emerge that will surprise many homeowners when they sell their primary residences ...

Some common retirement choices can increase your tax burden. Learn how to avoid costly mistakes and keep more of the savings ...

If your mother purchased the home for $100,000 and it's now worth $800,000, gifting the home to you assumes that the tax basis in the property is $100,000, not $800,000 and/or the value at the time of ...

The budget bill does not expand a tax provision that exempts student loan forgiveness received from income taxes in most ...

This question may seem simple, but the answer is not so easy. In fact, there are experts who make their living answering just ...

A SALT exclusion is different from a deduction. In a deduction, the money you spend on state and local taxes is deducted from your taxable income. So it will only partially reduce your federal tax ...

Most homeowners are aware of the homesale exclusion, a provision of the tax laws which provides that homeowners who sell their principal residence typically do not need to pay taxes on as much as ...

As a U.S. citizen, the man formerly called Cardinal Robert Prevost technically is required to file returns to the IRS.

Gavin Newsom announced plans Friday morning directing the state to pursue "strategic" relationships with countries announcing retaliatory tariffs against the U.S., urging them to exclude ...

You can never escape Uncle Sam. The U.S. and Eritrea are the only two countries in the world where taxes aren’t based on residency. That means no matter where Americans live, they’re subject ...