Americans are dodging capital gains taxes by gifting their booming assets to their parents. But is this legal? If you sell ...

Warning: This column contains numbers. With the 2024 election in the rearview mirror, we may soon get some certainty ...

The shifting 2025 tax brackets include an increase to the standard deduction. For married couples filing jointly, the ...

In 2017, the federal gift and estate tax exemption was $5.49 million 1. The Tax Cuts and Jobs Act of 2017 doubled the gift ...

The Internal Revenue Service recently announced the 2025 cost of living adjustments for the estate and gift tax exclusion ...

In 2024, an individual can give $18,000 to as many people as they want without reporting the gift on their tax return and ...

Discover smart tax-saving strategies for the upcoming year. Learn how to maximize your deductions, minimize your tax burden, ...

Greece announced it will tax wedding gifts, such as glass and plate sets as part of efforts to boost the finance ministry's ...

In 2024, the annual gift tax exclusion amount is $18,000. This simple gifting strategy offers enormous benefits for receivers ...

A. The answer is yes. Payments received from both LFP and ELAP are taxable in the year the payment is received. A 1099-G will ...

Tradies given gift cards as part of a rebate or discount are being told they probably need to pay tax on them.

In certain instances when all available exemptions, exclusions, and thresholds have been met, these transfers are subject to a gift tax. Estate planning is the process of transferring wealth to ...