SmartAsset on MSN

Ask an Advisor: How Much Can I Gift My Son and Daughter-in-Law Without Triggering IRS Taxes?

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 ...
JD Supra

The OBBBA - What Has (and Hasn’t) Changed for Individual Income, Estate, and Gift Taxes

The One Big Beautiful Bill Act ("OBBBA”) was signed into law last week, continuing the applicability of many individual federal income, estate, and gift tax provisions from the 2017 Tax Cuts and Jobs ...
JD Supra

No Gift Tax on Increases in the Value of Shares in the Case of Shareholder-Allocated Contributions

In a proceeding for suspension of enforcement, the Federal Fiscal Court (BFH) has concluded that also disproportionate contributions into the capital reserve do not constitute a gift tax-relevant ...

Here are 6 'Beautiful Bill' tax changes that will benefit wealthy Americans

Tax season is approaching. Tax breaks that were extended as part of President Trump's "One Big Beautiful Bill" will mainly ...