My husband and I plan to help our daughter with some of her wedding expenses. It’s my understanding an individual can give $19,000 in a year without triggering a taxable event. What is the best way to ...

The Internal Revenue Service (IRS) recently issued Private Letter Ruling (PLR) 202504006, addressing several important estate and gift tax questions related to the division of a marital trust and the ...

Each week, in our Ask the Editor series, Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on topics submitted by readers. This week, she’s looking at questions on gifts, the estate tax ...

Key changes in estate and gift tax exemptions and valuation rules for 2025 offer expanded benefits, though some are temporary: Estate and gift tax exemption: The lifetime exemption rises to ...

The Gift and Estate Tax Exclusion is currently scheduled to be reduced by approximately 50% in about 13 months. Without action from Congress, on January 1, 2026, the Exclusion will go from almost $14 ...

The current exemption on the federal (lifetime) gift tax and estate tax are set to sunset at the end of 2025. Unless Congress acts to forestall the sunset, the exemption will revert to regulations as ...

'We do not see eye to eye on using paper checks' "My husband and I do not see eye to eye on using a paper checkbook, but that's a story for another day." (Photo subjects are models.) Dear Quentin, My ...

The article warns that small tax law changes can erode charitable benefits over time. It highlights both positive updates and ...

Each week, in our new Ask the Editor series, Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on topics submitted by readers. This week, she’s looking at questions on the topic of ...

Generally speaking, IRC section 2503(b) allows donors an annual gift tax exclusion on the first $11,000 (the statutory $10,000 adjusted for inflation for 2003) of gifts made to each person during the ...