Other rules that apply to superfunding a 529, so anyone considering this option should discuss their situation with a tax pro ...

IRS Form 708 is here. 40% Tax on Gifts & Bequests from Covered Expatriates (former citizens and green card holders). Transfer ...

Federal estate and gift tax rules are poised for a major shift in 2026, affecting how much wealth families can transfer during life or at death without triggering federal tax.

Parents who put money into their children’s “Trump Accounts” might face a headache come tax time: Even the smallest contributions may require them to fill out a little-used gift tax form that can take ...

We rent a house to our daughter. She pays the rent, which equals the mortgage payment. It's been a struggle each month ...

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 ...

The Ministry of Social Development says: "We won't count up to $8000 of assets you've gifted each year in the last five years ...

Author’s note: Due to popular demand, the following column is being reprinted. Today’s column is not about making a gift of your assets as an estate tax planning tool. It is not about making gifts to ...

The 2026 legislative session kicked off this week in Olympia. State lawmakers have a lot to figure out – especially the budget that’s still underwater. One idea that's getting floated is an income tax ...

Learn more about how taxes apply to life insurance proceeds and when you do (and don’t) have to pay taxes on life insurance.