Income Tax

The appraisal rules don’t apply to donations of publicly traded securities. Use the quoted market price to determine the FMV of the securities. This takes a lot of the guesswork out of the deduction.

The adoption credit is indexed annually by the IRS. Due to the rising inflation of late, the figures have jumped dramatically.

The Trumps paid $750 or less in federal income tax in 2016 and 2017, and zero in 2020, according to the returns released by the House Ways and Means Committee...

It goes against the wishes of Sen. Joe Manchin, who asked Treasury not to allow leased vehicles to qualify.

In stark opposition to federal law, the rapid proliferation of state marijuana laws has made maintaining legally compliant drug policies a major task for most employers.

When possible, limit your lifetime gift-giving to amounts covered by the annual gift tax exclusion.

The Retirement Savings Contributions Credit, also known as the Saver's Credit, helps offset part of the first $2,000 workers voluntarily contribute to ...

The government annually establishes a flat rate for certain “high-cost areas” such as New York, Chicago and Los Angeles and other major cities.