As more people seek ways to reduce their tax liability after recent Budget changes, families are reminded of a gifting option ...

The US is suing the estate of a Connecticut man who died in 1997, alleging that a tax liability of about $22 million has ballooned to over $51 million with penalties and interest.

Opponents of the bill say lowering the tax would be a huge budget blow and bolster wealthy families staying that way.

If a property is rented out and has an active home loan, the taxpayer can claim a deduction of up to ₹2,00,000 on the ...

Yet rich parents often want to give more. Here are the (sometimes barely legal) ways they get it done. A trust distributes ...

Now, the physical occupation condition has been removed. Even if neither you nor your family can live in the house for practical reasons, you can still declare two houses as SOP, and their annual ...

The post Your Recent Mortgage Statement Holds the Secret to a Big Tax Bonus This Year appeared first on Real Estate News & ...

COLUMBIA, S.C. (WRDW/WAGT) - A bill in the South Carolina Statehouse could ease taxes for boat owners across the state. If passed, the bill states it would amend state code to “provide a property tax ...

Here are some tax terms you should know. Your tax liability is the amount of tax you owe to the IRS or your state government.

Nonrefundable tax credits can only be used against taxes that you owe -- once your tax bill hits $0, you don't get the ...

Voters in Barry County will have the opportunity on April 8 to allow the county to pursue enacting Senate Bill 190, and six elected county officials are on record as being against the proposal. Senate ...

It is becoming increasingly commonplace for people to enter long-term romantic relationships without legally marrying. While there are no ...