The Trump administration is changing many prior policies, but supporters of this proposal are calling for further action to ...

On May 22, 2025, the U.S. House of Representatives passed the “One Big Beautiful Bill Act” (the “BBB”) as part of the Republican ...

The tax bill passed by the House of Representatives on May 22, called the “One Big Beautiful Bill Act,” has more than 1,000 ...

If your mother purchased the home for $100,000 and it's now worth $800,000, gifting the home to you assumes that the tax basis in the property is $100,000, not $800,000 and/or the value at the time of ...

The House bill would increase the child tax credit to $2,500 per eligible child from 2025 through 2028, among other changes.

Learn about tax-advantaged investments, their types, benefits, and risks. Discover optimization strategies and future trends ...

The rules under §§ 1014(f) and 6035 relate to the basis consistency and information-reporting requirements Congress enacted in 2015. Generally, those rules prevent taxpayers from claiming an income ...

Screenshot via Kai Cenat stream. If your TikTok FYP has been blessed (or cursed, depending on your snack stash) with shouts of "Fanum Tax!" every time someone nabs a fry, you're probably wondering ...

Here's how value-added tax works, what it is and how you can get ... [0] The threshold isn’t cumulative, though, meaning that spending 100 euros in one shop and 100 euros in another shop doesn ...

A Harvard spokesperson told ABC News there's no "legal basis" to rescind the university's tax-exempt status and said it would endanger the school's ability to carry out its mission. "Such an ...