Wondering if you’ll owe federal gift tax in 2025? You’re probably in the clear. Most people never pay the gift tax thanks to generous annual and lifetime ...
Learn why sedation bans Uber or Lyft after a colonoscopy, and how couples can use gift-splitting and annual exclusions to ...
My husband and I plan to help our daughter with some of her wedding expenses. It’s my understanding an individual can give ...
Taxes shouldn't drive a farm’s succession and estate plan, says Polly Dobbs, an estate planning and wealth transfer ...
The One Big Beautiful Bill (OBBB), which passed on July 3 and is expected to be signed by President Donald Trump by July 4, increases the amount individuals may transfer for federal estate, gift, and ...
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 ...
With the Tax Cuts and Jobs Act (TCJA) sunset provision set to expire December 31, 2025, America’s wealthiest families may have just six months to transfer up to $28 million tax-free. Without ...
We may be facing a "use it or lose it" scenario when it comes to year-end planning for estate and gift taxes. Yet, because of the uncertainty in the laws, many taxpayers have not taken any action. We ...