An index created by Scott Baker of Northwestern University and colleagues shows that uncertainty about trade policy has shot ...

Councils that plan to raise rates by more than 5% must normally hold a local referendum first. However, for 2025-26, the ...

Forming a trust now and funding it after Congress decides whether to keep the current gift tax exemption rate could make for ...

Most households don't have to worry about the gift tax. For 2025, you can give up to $19,000, per person, to as many people ...

With regard to the estate and gift tax, I tell clients that if their gift is greater than $18,000 to a single individual in a year, then they should be prepared to file a gift tax return that year ...

Brazil’s central bank lowered its economic growth forecast for this year, signaling further interest rate hikes will weigh on ...

This includes any proposed extension of the estate and gift tax exemption. 3. Bill Compilation and Debate – The respective committees’ proposals are consolidated into a single reconciliation bill.

will be entirely exempt from tax in her hands. Tax treatment of gift transfers: If your wife transfers the PPF maturity proceeds to you and your daughter as a gift, it will not attract any tax ...

You, as the gift giver, pay this tax. Due to the gift tax’s exemptions, it also generally applies only to the very wealthy. But if you need additional help navigating and planning for the gift ...

as there is a lifetime gift/estate tax exemption limit. For 2025, that limit is $13.99 million. There's also an annual gift exclusion limit—the most you can give in 2025 without reporting it to ...

Amounts above these thresholds are reportable and reduce your lifetime gift and estate tax exclusion. Profit and prosper with the best of expert advice on investing, taxes, retirement, personal ...

A Crummey Trust is an irrevocable trust that allows someone to provide financial assets to beneficiaries without reducing the former's lifetime gift tax exemption amount. By transferring assets ...