The gift tax limit affects how much can be given each year without tax consequences. See what counts as a gift and when reporting is required for taxes.

A TIGTA report reveals paper returns make up just 6% of filings, but drive 72% of processing costs. Funding cuts and staffing shortages are making it worse.

Most people will not owe federal gift tax in 2026. The IRS allows generous annual and lifetime exemptions, which means gift tax applies only to very large transfers made by high-net-worth ...

Imagine your child is getting married and you want to help pay for their wedding. You’ve been saving for years and now have ...

The Federal estate tax exemption hit $15 million in 2026, giving the Great Wealth Transfer a massive tax break—but only for the top 0.1%.

Most people would be thrilled to have a home in their lap at a steep discount. For some Gen Zs and millennials, that’s becoming a reality as baby boomers — and even some Gen X parents — pass homes on ...

Forbes contributors publish independent expert analyses and insights. Guinevere Moore is a civil and criminal tax litigator. I’m hearing from multiple taxpayers every day who receive canned ...

As tax season kicks off, families with minor children can now register for Trump accounts. To open the account, an election must be made on IRS Form 4547. Form 4547 can be filed separately or with ...