My husband and I plan to help our daughter with some of her wedding expenses. It's my understanding an individual can give $19,000 in a year without triggering a taxable event. What is the best way to ...

How to support grandkids now—smartly—with 529s, tuition payments, and Illinois/Missouri tax breaks while protecting your ...

Retirement is not just the end of a career, it’s the beginning of freedom, a golden chapter where the world opens up and life ...

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 ...

Political donations from an LLC to candidates, PACs, or campaigns are not deductible. Charitable contributions by an LLC are ...

Tax waiver fuels surge in share gifts Sponsors transfer holdings to secure board seats Family succession drives intergenerational wealth transfers Major firms report large-scale share gifting In ...

Federal funding for KRBD has been eliminated. Here’s what you can do to help. On July 24, 2025, President Donald Trump signed ...

In this week's Ask the Editor Q&A, Joy Taylor answers more questions about the use of qualified charitable distributions (QCDs) in end-of-year tax planning.

The IRS just announced the 2026 tax brackets and deductions; here's what's changing and how it could affect your refund.

From standard deduction amounts to tax brackets and Medicaid cuts, here’s what individual filers need to know about tax ...

My first thought is, “Not again.” I immediately curse my selfishness. Being called from a warm bed to tend to my father is a ...

People use life insurance trusts to avoid estate taxes on insurance proceeds. In this article, we’ll tell you about the different kinds of trusts, how they work, and more.