Take Becka, a hypothetical married mother of three who inherited her mom’s individual retirement account (IRA). She needs to take a required minimum distribution (RMD) of $10,000 in 2025, but there’s ...

Plus: Claiming pets–and people–as dependents, Health Savings Accounts, charitable giving and tax deductions, tax filing ...

Most people can gift large sums without paying tax or filing a return, especially by structuring gifts across two tax years ...

When a parent passes away, you may need to take on financial and legal responsibilities quickly. This can include securing ...

Changes in the tax law will have different effects on people who take the standard deduction versus high earners who itemize.

Inheriting property can feel like both a blessing and a burden. You're dealing with loss, memories, and suddenly there's a ...

Inherited retirement accounts that once felt like a windfall are now coming with a firm deadline to pull money out, and the clock is running for many heirs. The rules around required withdrawals have ...

The legislation now headed to the Senate would help tamp down potential pump-and-dump schemes by foreign private issuers.

A key rule is that the giver is responsible for any tax, not the recipient. But most people never owe any gift tax because of ...

Depending on your age and your employer, a defined benefit pension could significantly shape your retirement outlook. The ...

The IRS issued Revenue Ruling 2023-2, which had a substantial impact on estate planning, particularly where an irrevocable trust is involved. In the last decade or so, more families have begun ...