Winning the lottery sounds great — until taxes enter the picture. Here’s what to know about federal taxes, state taxes and payout choices.

Giving a gift to a relative or friend can get you a gift in return from Uncle Sam in the form of future tax savings ...

What's more, you can only get a tax benefit if you itemize your deductions. With the standard deduction for tax y ...

The proposed regulations explain how to open the accounts, who can request the federal $1,000 pilot contribution, and how the ...

You also informed me that while your father lived in the house for the 14-year period, he did not pay rent.  Our neighbour ...

Many types of income in India are completely exempt from tax under the Income-tax Act, provided certain conditions are met.

A new tax deduction for seniors could cut your bill or boost your refund by hundreds of dollars. Here’s who qualifies and how to claim it.

While concern about running out of money usually supersedes gifting, the desire to help out family is often strong. That’s no doubt why I commonly hear the question, “How much ...