Young and the Invested on MSN

What Is the Gift Tax Exclusion for 2026?

Want to get on someone’s good side? Help them out financially? Or, perhaps, just make them really happy? Give ‘em a gift!
If you’re a high-income earner or someone with a diverse investment portfolio, there’s a little-known tax that can have a ...
The IRS on Thursday announced adjustments to the federal income tax brackets and standard deductions for 2026.
Many IRS workers are furloughed due to the government shutdown, but taxpayers are still required to file their extensions this week.
A new child tax credit is coming next year, bringing significant changes that will alter how much assistance families receive — and which families can receive it. With his tax and spending package, ...
The deadline to file taxes for those with federal extensions hits this week. Here's how the government shutdown affects it.
Chicago Mayor Brandon Johnson revealed his 2026 budget plan Thursday and in it was a mention of a social media-based tax. But what exactly is that and what would it mean if the budget is passed? The ...
Despite the government shutdown, taxpayers who requested extensions for their tax returns last year must still meet the ...
Every year, elected officials proclaim they’re holding the line on taxes. Sometimes they brag they’re cutting the tax rate. People often wonder why their tax bills keep going up.
While not all governments impose a wheel tax, those that do may base them on factors such as a vehicle's weight or wheel ...
A new child tax credit is coming next year, bringing significant changes that will alter how much assistance families receive — and which families can receive it. With his tax and spending package, ...