Many parents wish to help their children buy a home, but concerns about complex tax rules can be a barrier. We break down the realities of the federal gift tax, the lender's requirements for 'gift letters,' and why a $50,000 gift is unlikely to trigger a tax bill for the vast majority of families.
As property tax bills surge nationwide, homeowners are seeking ways to manage the growing financial burden. From understanding assessments to exploring exemptions, here are actionable steps to regain control of your housing costs.
The London-based tax advisory firm assembles a cross-sector council of industry leaders to help clients maximize R&D tax incentives amid regulatory reforms and rapid market changes.
Soybean futures edged lower Wednesday morning, giving back a portion of the previous session's gains. The market is weighing new U.S. Treasury guidance on biofuel tax credits against a backdrop of softer EU import demand.
While a four-figure tax refund check feels rewarding, financial experts warn it often signals over-withholding, costing taxpayers monthly cash flow and financial flexibility.
A surge in late self-assessment payments has resulted in a £325 million windfall for HMRC in penalties and interest, with experts warning the tax authority shows no sign of leniency as unpaid liabilities mount.
As tax season approaches, financial advisors are urging investors to look beyond basic filings. Strategic placement of assets, savvy use of specialized accounts, and timing transactions can significantly enhance after-tax returns over the long haul.
Eligible veterans in Indiana may qualify for substantial property tax deductions—up to $38,960—based on their service history and disability status, offering significant financial relief for Hoosier heroes.
With savings rates declining and tax burdens increasing, strategic ISA investment emerges as a critical path to building substantial, tax-free wealth. We examine the disciplined habits that have created nearly 5,000 ISA millionaires in the UK.
In a major push to decarbonize its transport network, Kenya has announced a comprehensive package of tax incentives for EV components and charging infrastructure, aiming to fast-track investment and meet its climate goals.
The transition from renting to owning a home brings a significant shift in tax strategy. While new deductions become available, experts caution that the financial advantages extend beyond April 15th and require a long-term view.
Archer Daniels Midland reported mixed Q4 results, with profits pressured in its core Ag Services & Oilseeds unit. While management touted operational improvements and a strong cash flow performance, they cautioned that clarity on U.S. biofuel policy is key to unlocking a more constructive outlook for the year ahead.
With the 2025 tax filing season now open, millions of Americans are submitting returns and anticipating refunds. Here’s the latest on processing times, potential delays, and how to track your payment.
With the 2025 tax filing season now underway, millions of Americans are eager to know when their refunds will arrive. While most electronic filers can expect funds within three weeks, experts warn that staffing shortages and complex credits could create hurdles for some.
While major brands dominate tax season marketing, a lesser-known platform is gaining traction by offering the same final IRS outcome for complex returns at nearly 92% lower cost, challenging the notion that robust tax software must come with a premium price tag.
Missouri Governor Mike Kehoe proposes eliminating the state income tax, a move hailed as pro-growth but which critics warn could shift a heavy compliance burden onto local businesses through an expanded sales tax on digital services.
The Internal Revenue Service is implementing stricter reporting requirements for digital assets, mandating new forms and detailed cost-basis tracking that will reshape how investors file their crypto taxes.
While a swift resolution to the partial government shutdown may avert immediate refund delays, experts warn that deeper issues within the IRS and recent tax law changes pose a greater threat to timely returns and homeowner savings.
A growing movement, led by AARP, aims to eliminate state taxes on Social Security benefits in the handful of states that still impose them. While promising more disposable income for retirees, analyses suggest the windfalls could disproportionately benefit higher-income households.
The UK's tax authority has entered a strategic partnership with SAP to migrate its core Enterprise Tax Management Platform to the cloud, aiming to boost resilience, enable real-time analytics, and develop new AI tools for taxpayers.
