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 ...

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

Families are often able to build up a substantial net worth through owning property, like a farm, or a small business.

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 ...

If you earn income through payment apps, it's a good idea to set up separate PayPal, Cash App or Venmo accounts for your ...

However, before you pass along that much cash, it’s important to understand the potential tax implications of making a $30,000 gift. A gift that size could require you to pay the federal gift ...

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 ...

Gifting is a heartfelt way to express love and affection towards our dear ones. In 1958 by Parliament of India, the gift tax ...