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

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 ...

When you actively manage your finances and plan for your future, the feeling of personal financial empowerment is justly ...

One of the most sweeping changes to U.S. tax code in modern history could be on the horizon. Now is the time to maximize the ...

You Don't Have to Report Cash Gifts of up to $18,000 a Year Cash gifts can be subject to tax rates that range from 18% to 40%, depending on the size of the gift. The person making the gift is ...

The estate tax, along with the rest of the Tax Cuts and Jobs Act, is slated to sunset at the end of 2025. If the estate tax exemption reverts to the pre-TCJA amount, it will represent the biggest ...

The US Internal Revenue Service (IRS) has announced that the annual gift tax exclusion is increasing in 2025 due to inflation. The exclusion will ...

Estate planning is a lot like putting together a puzzle. The client provides you with their box lid showing what they want the ultimate result ...

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

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

Transferring property to a family member can be a meaningful gesture, whether it’s a gift, part of an estate plan, or a strategic financial choice. However, understanding the tax implications is key ...

The IRS announced a higher estate and gift tax exemption for 2025. The "basic exclusion amount" rises to $13.99 million for ...