The gift tax limit affects how much can be given each year without tax consequences. See what counts as a gift and when ...

Forbes contributors publish independent expert analyses and insights. Admitted NY Bar and US Tax Court, covers US international tax law. IRS new Form 708 enforces a 40% transfer tax on U.S. recipients ...

'My husband, daughter, son-in-law and I all went to the bank' "Do I need to fill out a Form 709 for this on my taxes this year?" (Photo subject is a model.) Dear Quentin, Last year, I told my daughter ...

Last year, I told my daughter and her husband that I would pay off their mortgage if they got it under $76,000. My husband, daughter, son-in-law and I all went to the bank. My wife wrote the check for ...

A:The amount that each person can give away during life or at death will increase from $13,990,000 to $15,000,000 as a result of the One Big Beautiful Bill Act, which was signed into law on July 4, ...

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 ...

Newborns can look forward to the promised Trump accounts in the new year, but if parents, grandparents, friends or relatives plan to contribute, they can look forward to a tax headache, experts said.

A ‘ring of fire’ solar eclipse will dazzle people and penguins in Antarctica As electricity costs rise, everyone wants data centers to pick up their tab. But how? What can toughen Louisiana coast ...

In a video shared by him on X, he reacted to the proposed payouts, arguing that the U.S. economy cannot afford another injection of unearned cash. Drawing a direct parallel to pandemic-era stimulus, ...