As of July 3, the U.S. Congress has passed a sweeping new tax and spending bill that includes the elimination of federal ...

Air cargo shipment volume from Asia has declined by double digits since the U.S. cancelled a tax-free exemption for low-value ...

But exceeding the limit doesn't necessarily result in owing tax, thanks to a high lifetime estate and gift tax exemption. The 2024 lifetime estate tax exemption was $13.61 million (double for ...