The gift tax is any taxes owed on the gifts you have given. As the giver, you would owe the IRS gift tax rate and have to ...

A new bill in Congress would “safeguard” the U.S. citizenship of any American elected as pope of the Catholic Church and ...

The IRS says pastors who endorse political candidates from the pulpit should not have to risk losing their tax-exempt status.

On July 4, 2025, as part of the One Big Beautiful Bill Act (Act), provisions titled “No Tax on Tips” and “No Tax on Overtime” were signed into ...

The IRS said in a new federal court filing that churches can endorse political candidates to their congregations without risking the loss of their tax-exempt status.

The massive spending and tax bill colloquially known as the “One Big Beautiful Bill” contains hundreds of provisions that ...

The IRS will have much less of a view into how much income small businesses and independent contractors make because there will be much less third-party reporting required under Trump’s new law.

The IRS says pastors endorsing political candidates during services should not risk losing their tax-exempt status. This challenges the Johnson Amendment, a 1954 rule barring tax-exempt groups ...

WASHINGTON (AP) — The IRS says pastors who endorse political candidates from the pulpit should not have to risk losing their tax-exempt status. The move effectively calls for a carve out for ...

On July 4, 2025, the federal government enacted H.R. 1, “An Act to provide for reconciliation” which is popularly known as ...

President Donald Trump’s recently enacted tax legislation includes a provision that eliminates taxes on tips, a measure he ...