You worked hard to have a comfortable life and pass on some wealth to your heirs. Unfortunately, if not done strategically, ...

Most people focus their tax planning efforts on minimizing the amount of income tax they pay. However, the federal gift tax can be even more onerous because of its 40% rate, and many people don't even ...

Want to get on someone’s good side? Help them out financially? Or, perhaps, just make them really happy? Give ‘em a gift! (Cash is always nice.) But if you’re in a gift-giving mood, and you have a lot ...

You may have a scowl on your face right about now and want to shout, “You want me to teach my kids about taxes when I’m drinking out of a fire hose right now trying to get my own taxes finished? Give ...

Beverly is a writer, editor, and paralegal specializing in personal finance and tax law. She covers personal financial and legal topics, as well as tax breaks, tax preparation software, and tax law ...

The recently enacted One Big Beautiful Bill Act (OBBBA) brings sweeping and permanent changes to the federal estate, gift and generation-skipping transfer (GST) tax landscape. Most notably, it ...

How to support grandkids now—smartly—with 529s, tuition payments, and Illinois/Missouri tax breaks while protecting your ...