Unless you have given away more than $13 million in your lifetime, a $75,000 gift will not trigger the federal gift tax.

Completing a gift to a trust that is more than the annual ... Capital gains taxes are calculated based on the maximum federal capital gains tax rate in 2024 at 20% federal, plus an additional ...

However, our opinions are our own. See how we rate tax products to write unbiased product reviews. Federal gift tax may apply when someone gives a gift — of cash or any other type of property ...

The tax rate is typically about 10% for amounts just ... In 2025, the annual exclusion for gifts is up to $19,000. In 2024, that was $18,000. Keep the planning simple and the total amount of ...

In addition to many tax reforms that benefit most taxpayers, the TCJA increased the federal estate and gift tax lifetime exclusion ... as the annual adjustment rate in my assumptions).

There are many reasons for a business owner to develop a succession plan. It can ensure continuity and minimize disruptions, ...

Republican lawmakers in Congress introduced the Death Tax Repeal Act, which aims to permanently eliminate the federal ...

Lavish weddings in Ghana, known for their grandeur and extravagant gifts, are attracting the attention of tax authorities as ...