You Don't Have to Report Cash Gifts of up to $19,000 a Year Cash gifts can be subject to tax rates of up to 40%, depending on the size of the gift. The person making the gift is responsible for ...

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

Taxpayers should give consideration to the form in which they make charitable donations. They might deliver more benefits to ...

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 ...

For many Americans, offering a $60,000 gift to pay for a child’s wedding probably isn’t something to worry about from a tax perspective. You could owe federal gift taxes if your lifetime gifts are ...

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.

My brother and I want to do the right thing for our younger brother and give him an equal share from our inheritance. I know most states don’t have inheritance taxes, but since he won’t technically be ...

Originally set to kick off at the beginning of 2022, the IRS planned to implement a new reporting rule that would require ...