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 ...

The Trump administration is reportedly gearing up to broaden the scope of Internal Revenue Service (IRS) investigations, potentially targeting left-leaning groups and major Democratic donors. The ...

The IRS really means it this time when they say that high earners will have to start paying tax soon on their catch-up 401(k) contributions and then deposit them into workplace Roth accounts. Sort of.

The IRS has released updated federal income tax brackets and standard deductions for the 2026 tax year, which will apply to returns filed in 2027. Democrats Launch Investigation Into Trump’s ‘Theft’ ...

Former IRS Commissioner Danny Werfel joins CNBC's 'Squawk Box' to discuss his views on Treasury Secretary Scott Bessent remaining in his role as IRS commissioner, the implications for the agency, and ...

Taxpayers who want to claim some attractive new income tax deductions that were packed into the One Big Beautiful Bill Act will need to keep their records — and get ready to file yet another form to ...

The IRS on Friday released a draft of Schedule 1-A (Form 1040), Additional Deductions, which includes sections for calculating four deductions allowed under H.R. 1, P.L. 119-21, commonly known as the ...

Filing annual tax forms with the IRS can be confusing enough for life-long residents of the United States, let alone for students visiting from other lands. Fortunately, for foreign students at ...