Imagine your child is getting married and you want to help pay for their wedding. You’ve been saving for years and now have ...

Fixed deposits are among the most trusted investment options for Indian savers due to their guaranteed returns and capital ...

The U.S. tax code is complicated, but the ultra-wealthy know how to navigate it with precision. In simple words, the wealthy ...

Tax is the source of income for the government. The government uses the money received from taxes for development in the ...

This lifetime limit is known as the basic exclusion amount or lifetime exemption and it’s adjusted each year for inflation. The gift tax only applies when you exhaust your lifetime exemption.

For the 2024 tax year, the maximum amount that can be given without paying federal gift tax is $18,000 per year per recipient, it will rise to $19,000 for the 2025 tax year. This is known as the ...

Families with more funds to spare can explore creating an educational trust with the help of their advisor. This structure ...

To avoid this, lawmakers would have to alter the exclusion limit prior to December 31 ... even if it is under the Federal Gift Tax annual exemption amount. If assets have been transferred within ...

"The enhanced shopping experience will help draw more overseas tourists to China and drive an increase in shopping," said ...

Everyone wants a tax break. Over the years, some Americans have tested limits for what they can take as a tax deduction. Here are some they've won.

ILITs are adept at sheltering large gifts because they are estate-tax efficient, and gifts to ILITs are generally generation skipping-transfer tax (GSTT) exempt, which means that they can make ...