Most people won’t owe gift tax in 2025 or 2026. Learn the annual limits, lifetime exemption, when Form 709 is required, and how to give tax-free.

If we gift my house to our daughter and continue to live in it, I understand we pay full market rent. After seven years, do ...

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, ...

Liz Weston, Certified Financial Planner, is a personal finance columnist for NerdWallet. Questions may be sent to her at 3940 Laurel Canyon, No. 238, Studio City, CA 91604, or by using the “Contact” ...

I split our father's estate on the understanding that no such $500,000 transfer had been made. The irrevocable trust was ...

Lord Mandelson said he was “trying hard” to change government policy on bankers’ bonuses following requests from Jeffrey Epstein, new emails show.

With the self-assessment deadline less than a fortnight away, Martin Lewis answers your questions on everything tax, with the help of two tax gurus, including: tax returns, inheritance tax, making tax ...

The answer, my friend, sometimes lies in the question.

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 give your son and daughter-in-law each $17,000 without having to deal with ...

One major catch: the developer put the communities on a ticking clock, telling them they had 48 hours to commit; with half a ...

After Volusia County Schools gave an aging building to the DeLand Police Athletic League, a social-media post questioned the ...

Experts weigh in on commissioner's handling of traffic citation ...