Yet rich parents often want to give more. Here are the (sometimes barely legal) ways they get it done. A trust distributes ...

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 ...

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 ...

Here are some tax terms you should know. Your tax liability is the amount of tax you owe to the IRS or your state government.

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