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 ...

Getting out of debt is probably the most common financial goal people set for themselves. While debt settlement companies can negotiate with your creditors, most don't work with tax debt. Tax relief ...

Long-term capital gains tax rates encourage holding assets for over a year to reduce tax liabilities. Short-term capital gains are taxed as ordinary income, potentially increasing tax burden for ...

President Trump’s order to freeze federal civilian hiring includes an extra squeeze at the Internal Revenue Service. Under the order signed Monday, all agencies have hiring frozen for up to 90 days ...

Experts in Indigenous cancer health at Roswell Park discuss the need to overcome the healthcare disparities and cultural barriers faced by Native Americans. Many Paths, One Purpose: Cancer and Other ...

Elysse Bell is a finance and business writer for Investopedia. She writes about small business, personal finance, technology, and more. Erika Rasure is globally-recognized as a leading consumer ...

More people are currently displaced within their own countries than ever recorded before due to conflict, violence, disasters and the impact of climate change. The number of internally displaced ...

Fees on payment transactions are the largest source of revenue PayPal Holdings Inc. (PYPL) operates a digital payment platform that enables merchants and consumers to make digital and mobile payments ...

Tax benefits of hiring your child If you follow IRS rules, hiring your child to work for your business can lower your taxable income, as you can deduct their salaries from your business income. If ...