The 2025 gift tax exclusion allows $19,000 in tax-free gifts per person, helping high earners manage future estate taxes.
Parents who want to help a child financially often worry that generosity will trigger a tax bill. The rules are more flexible ...
Want to get on someone’s good side? Help them out financially? Or, perhaps, just make them really happy? Give ‘em a gift! (Cash is always nice.) But if you’re in a gift-giving mood, and you have a lot ...
Imagine your child is getting married and you want to help pay for their wedding. You’ve been saving for years and now have ...
Wedding gifts, even those by non-relatives or received before or after the wedding, are exempt from tax. But preserve proofs like wedding invitation, gift details and bank records in case of I-T ...
A. The gift and estate tax laws are not changing at the start of 2025, but if lawmakers in Washington, D.C., don't pass new legislation by the end of the year, there will be big changes at the end of ...
Searching for homes and scrolling through listing photos is fun, but saving up for a down payment can be a real challenge. That’s why some home buyers turn to family for a helping hand in the form of ...
Some gifts that a small business owner gives to their employees may be taxable, while others are not. Here’s how to ...
Each week, in our Ask the Editor series, Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on topics submitted by readers. This week, she’s looking at questions on estate and gift taxes. ...
Grandparents Day was September 7th, 2025. But there’s always still time to give your loved ones a meaningful gift. For instance, planning a special outing to a local museum, botanical garden, or ...