If your employer withholds money from your paychecks for federal and state income taxes, you may not think much about taxes until you file your return each year. But there are other types of ...

The federal estate and gift tax, which imposes a tax rate up to 40% outside the exclusion, encourages charitable contributions by allowing dollar-for-dollar deductions for bequests.

Senate Republican Leader John Thune said President Donald Trump’s giant fiscal bill is unlikely to repeal the estate tax. “I’d love to get rid of it,” Thune told reporters Wednesday ...

You can transfer any unused portion of your $13.99 lifetime gift and estate tax exclusion to your spouse if you should die in 2025 or up to the amount of the 2026 limit if Congress doesn’t take ...

SACRAMENTO, California — Gov. Gavin Newsom on Friday suggested California consider withholding tens of billions in annual federal tax dollars amid reports Donald Trump is preparing funding cuts ...

For example, if Irsay owned 100% of the Colts, the estate tax would be $345,800 plus 40% of approximately $4.35 billion, which equals approximately $1.7 billion.

For example, if Irsay owned 100% of the Colts, the estate tax would be $345,800 plus 40% of approximately $4.35 billion, which equals approximately $1.7 billion.

There is a federal estate tax, however, which is paid by the estate of the deceased. In 2025, the first $13.99 million of an estate is exempt from the estate tax.