Wealthy residents of the state have put millions of dollars toward stopping a proposed 5 percent tax on their assets.

Shelly Tygielski is affiliated with Pandemic of Love, the global mutual aid organization. She is also an executive board member of Global Empowerment Mission, a global nonprofit humanitarian aid ...

Mutual aid isn’t gig work, so the tax code shouldn’t treat them the same. Getting multiple $50 gifts through a GoFundMe campaign to help you contend with a crisis brought on by your husband’s stroke ...

THE WHAT? Seo Ho-jung, daughter of Amorepacific Chairman Seo Kyung-bae, has sold approximately ₩10 billion worth of shares in Amorepacific and Amorepacific Holdings to raise funds for gift tax ...

As part of the provisions in President Donald Trump’s tax and spending package, passed last year, everyday donors may see tax gains, while those who itemize, especially high earners, face stricter ...

The One Big Beautiful Bill Act made significant changes in the tax benefits of charitable giving. The changes take effect in 2026 and should be considered in both long-term and short-term charitable ...

We estimate income and taxes for the wealthiest group of US households by matching Forbes 400 data to the individual, business, estate, and gift tax returns of the corresponding group in 2010–2020. In ...

When your family faces a tight month, you cut back. You skip the restaurant. You delay the purchase. You make it work with what you have. You don’t walk into the bank and demand a bigger credit limit.

Owners spent nearly $1.5 billion last year on racehorses, a big increase over 2024. A new tax provision allows them to immediately deduct the full cost of the purchase. Credit...Video by Jon Cherry ...