Down payment amounts above $19,000 and received as a gift must be reported on a gift tax return by the person making the gift—not the beneficiary. But that doesn't mean the donor will pay taxes. "The ...

This means a husband and wife with proper planning could transfer $27.98 million estate, gift and GST tax free to their children and grandchildren in 2025. If no new tax law is passed this year ...

Tax season can feel overwhelming, especially for baby boomers who may be navigating retirement plans, investment portfolios ...

The IRS has released new inflation-adjusted figures that can impact your estate and gift planning. These numbers seem like a ...

Helping a child buy a home without triggering Gift Taxes can be a daunting task without some strategic planning.

They are excluded from your taxable estate, but if the contribution is more than $18,000 a year, it could be subject to the gift tax. States typically set contribution limits per beneficiary ...

But it’s an opportunity with a ticking time limit. At a glance, the Tax Cuts and Jobs Act temporarily doubled the unified gift and estate tax exemption from $5.6 million per individual to $11.18 ...

Editor’s note: This is part 10 of an ongoing series about using trusts and LLCs in estate planning, asset protection and tax planning. The effectiveness of these powerful tools — especially ...

The gift tax is a hybrid tax on gifts and other transfers. It partially overlaps with the estate tax, which is where the “hybrid” part comes in. The IRS defines a gift as “the transfer of ...

The author writes "This year, estate planning practitioners have significant opportunities for estate tax savings for our high-net-worth clients. Time is critical though, and there are some traps for ...

Wealth advisers raise alarms over potential changes to inheritance tax's seven-year rule, as Chancellor eyes tax hikes to ...

US citizens residing in Europe must consider the potential for estate and inheritance tax exposure by both the European ...