This doesn’t mean you’ll owe the federal gift tax — few people actually end up paying gift taxes — but you may need to report your generosity to the IRS come tax time.

Range reports high earners must pay quarterly estimated taxes if they owe over $1,000, with specific guidelines to avoid ...

Throughout the year, do your best to pay enough state taxes by checking your tax withholdings. Use an online state tax withholding calculator, or speak with a CPA if you need assistance.