A new rule under the One Big Beautiful Bill Act allows more taxpayers to deduct cash donations even if they take the standard ...

Earlier this week, nurses at Pennsylvania's Bryn Mawr Hospital celebrated an anonymous $1 million donation to help erase ...

Some tax resisters withhold a symbolic amount, but those who willfully refuse to file or pay could face civil or criminal penalties.

Two separate bills on tax breaks for very different circumstances advanced through a state Senate panel this week.

A retiree sitting on $4.6 million in assets and collecting a $9,500 monthly pension should have an easy time gifting $125,000 ...

Has it ever been more important for a community to support its local nonprofits? According to the Center for Effective Philanthropy, 34% of nonprofit institutions reported a decline in federal ...

The federal gift and estate tax exclusions and the generation-skipping transfer (GST) tax exemption increased significantly under the One ...

Following recent inflation adjustments, federal estate, gift, and generation-skipping transfer (GST) tax exemptions have soared to a record-high ...

Unless you have given away more than $13 million in your lifetime, a $75,000 gift will not trigger the federal gift tax. Using this for a down payment also does not affect the result. A financial ...