Strategic use of gifting disbursements before one's demise can help to ensure the maximum amount of bequests to one's heirs ...

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

In some situations, such as the gift of a home, the recipient could be facing a significant capital gains tax if they sell the property. But if you've inherited a house (instead of receiving it as ...

Internal Revenue Service recently issued final regulations (final regs) imposing a tax on U.S. citizens, residents and ...

The federal gift tax applies when you transfer money or property to someone else without receiving something of equal value in return. Gift tax rates range from 18% to 40% based on the size of the ...

Navigating the complexities of tax exemptions under Section 54F can be tricky, especially for homeowners looking to purchase a new property.