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

Speak with a financial advisor today. With tax rates ranging from 18% to 40% depending on the amount, the federal government’s 100-year-old gift tax is eye-catching, but in truth rarely comes ...

After death, any remaining exclusion reduces your estate’s taxable value, with estates exceeding this exclusion facing a 40% tax rate. So, what qualifies as a gift? The IRS defines a gift as a ...

The Trump administration has committed to sweeping action on tax policy. Learn more about the top five tax policy changes ...

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

A QPRT allows you to remove your home from your estate to reduce gift taxes. The property value during the retained interest period is calculated based on IRS applicable federal rates. How a ...

House Bill 4170 was advanced by the House Finance Committee on a 9-3 vote, with three Democrats voting no and two abstaining.

Washington has one of the highest estate tax rates in the country, ranging from 10% to 20% on assets above $2.193 million.