The Uniform Transfers to Minors Act (UTMA) is an act that allows a minor to receive gifts such as money, real estate, and fine art without aid.

It's important to stay informed about these new updates, especially when planning your finances, to ensure your retirement ...

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 ...

Charitable tax deductions are about to see the biggest changes in nearly a decade in 2026 thanks to President Donald Trump ’s ...

The House Ethics Committee found New York Rep. Alexandria Ocasio-Cortez failed to fully comply with House ethics rules on gifts when she made her headline-grabbing appearance at the 2021 Met Gala. In ...

On 26 November, a potential Inheritance Tax shake-up could be hitting pensioners, and some are fearing the worst, with 'downsizing' rising as a result.

The other plank of the tax code, the estate tax and gift tax (along with the generation-skipping transfer tax, adopted to ...

How charitably inclined taxpayers can use donor-advised funds and other tax strategies to get ahead of the OBBBA's revised ...

Law professor Ray Madoff’s new book, “The Second Estate,” argues that philanthropy is part of a playbook that the ...

The threshold limit of Rs 50,000 applies only to gifts received by the HUF from non-specified relatives during a financial ...

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