Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Jose Luis Pelaez Inc / Getty Images The term gift splitting refers to an estate planning ...

Most taxpayers, from individuals to married couples, are unfamiliar with the concept of the gift tax. The government assesses this tax on certain transfers of money or other assets from one person to ...

Tax planning always requires forethought; however, this upcoming year it is even more vital. The Tax Cuts and Jobs Act (TCJA) doubled the estate tax exemption to $13.61 million for individuals and $27 ...

Learn about gifts in trust and how they help distribute assets according to the grantor's wishes and protect wealth for ...

Want to get on someone’s good side? Help them out financially? Or, perhaps, just make them really happy? Give ‘em a gift! (Cash is always nice.) But if you’re in a gift-giving mood, and you have a lot ...

When giving away cash or property to a friend or family member, most of us give little thought to whether the gift needs to be reported to the IRS. For small gifts, this lack of attention is not a ...

When it comes to giving money or property to your family, most people worry about the taxman showing up at the door. The truth is, Indian tax law is actually quite clear on when gifts are taxable and ...

Received money or property from a family member and assumed it is tax-free? Do you know whether the Income Tax Act actually treats that person as ‘family’? Let's find out.

You'd have to make some big gifts to owe tax. Gift-giving season is upon us, and for many people, coming up with the cash to afford presents for loved ones is a huge challenge. For wealthier gift ...

Following the report that Supreme Court Justice Clarence Thomas has been accepting luxury trips and hospitality from Dallas businessman Harlan Crow for decades, experts are now looking into whether ...

Any monetary gift a non-resident receives from a resident is taxable in India if the total exceeds ₹50,000, according to the ...