Knowing the annual gift tax exemption can save you time and money.

How much money can I give to my son and daughter-in-law without incurring a tax issue with the IRS? -Irwin For 2023, you can give your son and daughter-in-law each $17,000 without having to deal with ...

Perhaps your daughter recently got married and you want to help her and her husband start their new life. Or maybe they ...

Estate planning isn’t a one-time event — it’s a moving target. With gift and estate tax laws in flux and even “permanent” reforms often lasting no more than a decade or an administration, families are ...

What is a grandparent-owned 529 college savings plan? How do they work? What do you need to know about them and what changes should you know about? A grandparent-owned 529 plan is a type of 529 ...

Liz Weston, Certified Financial Planner, is a personal finance columnist for NerdWallet. Questions may be sent to her at 3940 Laurel Canyon, No. 238, Studio City, CA 91604, or by using the “Contact” ...

The ruling hinges on the corporation and trust being treated as a single entity and meeting other requirements under Regs.

Q: What, if anything, is changing with the estate and gift tax laws in 2026? A:The amount that each person can give away during life or at death will increase from $13,990,000 to $15,000,000 as a ...

Tax-related identity theft remains widespread and a potentially serious problem for victims, for whom authorized representatives can provide vital help.

My husband owns his own business. The Internal Revenue Service audited his 2021 income-tax return. There were some small mistakes. The amount due was paid. However, he received notice at the end of ...

A:The amount that each person can give away during life or at death will increase from $13,990,000 to $15,000,000 as a result of the One Big Beautiful Bill Act, which was signed into law on July 4, ...

Don't let tax season catch you off guard. We break down the key differences on a W-2 and 1099 forms that directly impact your tax refund.