The gift tax limit affects how much can be given each year without tax consequences. See what counts as a gift and when ...

Most people won’t owe gift tax in 2025 or 2026. Learn the annual limits, lifetime exemption, when Form 709 is required, and ...

Taxpayers, such as those in Zuch and Murrin, can face unique circumstances where the law overrides their intentions.

TurboTax 's free edition lets you report W-2 income, the Child Tax Credit, the Earned Income Tax Credit, deductions for student loan interest and some interest and dividends. According to TurboTax, ...

This article explores the strategic use of this election, highlighting its potential to optimize tax outcomes for both trusts and beneficiaries while cautioning against its pitfalls.

A while ago I wrote about a financial gift that my parents made to my husband and me shortly after our marriage. While it wasn’t a huge sum of money, it helped us purchase a better first home than we ...