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 ...

Unless you have given away more than $13 million in your lifetime, a $75,000 gift will not trigger the federal gift ta ...

Want to get on someone’s good side? Help them out financially? Or, perhaps, just make them really happy? Give ‘em a gift!

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

The federal gift tax only applies to highly affluent people who give away millions of dollars in assets or property over the course of their lives. If you want to give a child $30,000 to help pay ...

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

The Gift Tax Exclusion Amount is the amount an individual may ... The deceased person's two children will inherit the full ...

Are you considering giving cash or property to loved ones or others in 2024 or next year, in 2025? Knowing the annual gift tax exclusion can save you money and spare you from filing gift tax returns.

The IRS has announced the annual inflation adjustments for the year 2025, including tax rate schedules, tax tables and cost-of-living adjustments.

The uber wealthy are preparing to gift millions of dollars before Trump tax cuts sunset at the end of 2025 to save on taxes, ...

The federal estate tax exemption will increase to an historically high $13,999,000 in 2025, but it is then scheduled to drop ...