IRS Form 708 is here. 40% Tax on Gifts & Bequests from Covered Expatriates (former citizens and green card holders). Transfer ...

How much money can I give to my son and daughter-in-law without incurring a tax issue with the IRS? -Irwin For 2023, you can ...

Most people would be thrilled to have a home in their lap at a steep discount. For some Gen Zs and millennials, that’s ...

They’re also unlikely to owe capital gains on the sale portion, as any gain should fall below the $500,000 exclusion for ...

Since the One Big Beautiful Bill Act became law in July, there's been much discussion in wealth management about how its provisions will affect tax planning for clients. On the estate planning front, ...

It is very rare for an ordinary household to owe money on gifts. The gift tax has a somewhat complicated two-tier structure.

Trump accounts for children explained: The Trump administration has officially introduced a new federal savings and investment tool for children that is already reshaping how families think about long ...

While there are no specific 529 plan contribution limits, most people consider the $19,000 annual gift tax exclusion to be the main contribution limit. 529 plans are tax-advantaged accounts that allow ...

What is a grandparent-owned 529 college savings plan? How do they work? What do you need to know about them and what changes should you know about? A grandparent-owned 529 plan is a type of 529 ...