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

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 shifting 2025 tax brackets include an increase to the standard deduction. For married couples filing jointly, the standard deduction will now be $30,000, up from $29,200. Single taxpayers can ...

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

In most walks of life, you’d probably be pleased if you could accomplish two goals with one action. That’s exactly what ...

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 ...

Bitcoin is in the news again, and its meteoric rise has set Indian traders abuzz, pushing the cryptocurrency to a ...

When you transfer bonus shares to your son as a gift, the original cost of acquisition (CoA) and holding period carry over to ...

Some Republicans in high-tax states have been trying to get changes to the SALT cap. Could a tight Republican majority in the ...

I would like to transfer ownership of my £550,000, three-bedroom house to my nephew and nieces and then rent it back from ...

Inheritance tax bills are set to hit new highs following the Budget but families can move unlimited sums out of HMRC's reach ...

"Paradise comes with a premium." A business owner couple has different views on the sales tax increase in Escondido.