In our new Ask the Editor series, Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on reporting income and tax ...

That’s because a true gift requires nothing expected in return. In contrast, when influencers get freebies, they’re often expected to promote or acknowledge those products or services on social media.

Expressing his concerns, Sacks added, “I don’t particularly like the idea of new taxes, even if it is promised that they won’t affect people very much. That sounds burdensome to me.” Crypto investors ...

However, if you pass away before then, it could still form part of your taxable estate, depending on how long you survive after making the gift ... tax could qualify for the “normal expenditure ...

Ocansey pointed out that many Ghanaians are unaware of the existence of gift-tax and even those who know about it often fail to comply. He stressed the need for GRA to improve public education and ...

Mr. Ocansey pointed out that many Ghanaians are unaware of the existence of gift-tax and even those who know about it often fail to comply. He stressed the need for GRA to improve public education and ...

The cost of your vehicle could significantly impact the amount you shell out in vehicle excise duty (VED), with pricier models potentially attracting a 'Luxury Car Tax', warns an expert.

The child tax credit is one of the most popular credits to claim in tax season. This is what to know if you want to claim it this year. Thomas is a native of upstate New York and a graduate of the ...

"IRS releases tax inflation adjustments for tax year 2025." Internal Revenue Service. “Instructions for Form 709: United States Gift (and Generation-Skipping Transfer) Tax Return,” Pages 2–3.