Saving for your retirement in your 40s and 50s may mean playing catch-up. Here's how to save more and pay less in taxes now ...

The question is, will you owe gift taxes because of your generous gesture? Despite popular framing, the federal gift and estate taxes only apply to very wealthy households. Unless you have ...

This refers to the IRS annual gift tax exclusion, which allowed you to give ... suffering under a lot of student loans at the age of 50?" Orman asked. She pointed out that financial help can ...

You Don't Have to Report Cash Gifts of up to $19,000 a Year Cash gifts can be subject to tax rates of up to 40%, depending on the size of the gift. The person making the gift is responsible for ...

Your 50s are about securing the future. With the provisions in Budget 2025, tools like NPS, tax deductions, and NSS exemptions can help build a financially stress-free retirement. Start now ...

You can gift up to $19,000 a year to your child without triggering gift taxes, but it won't give you a tax deduction. If you're in a strong financial position, helping your child with student loans ...