Depending on what the recipient does with the gift, there may be future tax implications, such as paying capital gains tax on an investment. But someone accepting money – even in excess of the ...

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 ...

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 ...

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

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

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

Under the current scheme, you can give away as much money as you like, inheritance-tax free, as long as you live seven years ...