Note: Staying under these limits per recipient exempts you from filing a gift tax return for the year. But exceeding the limit doesn't necessarily result in owing tax, thanks to a high lifetime ...

Mark your calendars! Monday, Jan. 27, is the official start to the 2025 tax season, the IRS said. That’s the first day the IRS will begin accepting tax returns for the 2024 tax year, but ...

While most people had no trouble at all, roughly 1.2 million taxpayers faced incredibly long waits last year for their tax refund cash after getting hit by tax-related ID theft or by claiming ...