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 ...

The beginning of each year is a great time to start next year’s tax planning. One area to help reduce your tax obligation, that benefits from an early in ...

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

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

The gift tax is a federal tax that may be imposed when you give someone property or money, and they don’t give you something of equal value in return. The IRS sets limits on how much you can ...

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 ...