The gift tax limit for gifts given in 2024 has risen to $18,000 (from $17,000 last year). This is one of ... the loan generally isn't taxable as long as the policy remains in force and the loan ...

The economy rebounded strongly from the COVID shock, but the U.S. continues to grapple with a cost-of-living crisis and ...

Taxpayers who proactively disclose their previously unreported income often receive more lenient treatment from the IRS ...

IRS Tax Attorney Steven A. Leahy of the Law Office of Steven A. Leahy, PC with Opem Tax Advocates joins the program to answer listener ...

Audits from the IRS are a nervewracking prospect for many Americans, but being informed about what they actually entail might help ease your mind.

President Joe Biden's tenure in the White House is ending with a gulf between his policy record and his public reputation.

If you do get audited, Garofalo said it’s going to be an annoying task no matter what. Sloppy records might mean it’s a 30-hour task instead of a six-hour one, but that might be a risk you’re willing ...

Dear Savvy Senior, Is there a rule of thumb on how long someone should keep their old financial paperwork? I have file ...

Q: How long do I need to store boxes of old bills, personal records and tax returns? A: You should keep copies of all records ...

But it also means that tax season is just around the corner. Soon Americans will have to do the ... IRS records show that tax filing season has normally started in the last week of January ...

As we get older and our financial life gets more complicated, it’s difficult to know how long to keep old financial records and ... card statements that do not have a tax-related expense on ...