Texas Lt. Gov. Dan Patrick's "Operation Double Nickel" proposes lowering the senior property tax benefit age to 55 and ...

Cash gifts and income are subject to IRS reporting rules. Gifts of up to $19,000 in cash are exempt from reporting in 2025. Those who have household employees must report cash payments that exceed ...

How much you owe the IRS at tax time is determined by the tax brackets you're eligible for. For tax year 2025 (filing in 2026), there are seven brackets: 10%, 12%, 22%, 24%, 32%, 35% and 37%. Each ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Vikki Velasquez is a researcher and writer who has managed, coordinated, and directed ...

Troy Segal is an editor and writer. She has 20+ years of experience covering personal finance, wealth management, and business news. Ebony Howard is a certified public accountant and a QuickBooks ...