With the annual federal gift tax exclusion, you can transfer substantial amounts free of gift taxes to your children and others. Here are the basic rules.
It’s time to tie up loose ends for the 2018 tax year. to help alleviate some stress, we’re sharing ‘Six Important Check Ups’ that you’ll want to do for your IRA.
Because of the high exemption under the TCJA, few Americans have to worry about facing federal gift and estate tax liability in the next several years. But no matter your current net worth, it’s still important to be tax-smart when making lifetime gifts.