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

Dear Liz: I have been paying college tuition for my grandson: $20,000 per semester for the last three years. He has used the university’s online option to pay the tuition by transferring the money ...

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, ...

Q: What, if anything, is changing with the estate and gift tax laws in 2026? 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 ...

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.

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, ...

According to a report by the Washington Post, the issue stems from an oversight in the “One Big Beautiful Bill” law passed this summer. The core problem is technical but severe. Under current IRS ...