Families are often able to build up a substantial net worth through owning property, like a farm, or a small business.

Tax free maturity proceeds for all ULIPs, money-back and other insurance policies only if non-residents buys it from IFSC by ...

Within the Gift Tax itself are several exceptions that do not get counted into the $19,000 annual exclusion. These exceptions are: School tuition and education payments Charitable donations ...

My brother and I want to do the right thing for our younger brother and give him an equal share from our inheritance. I know ...

Regular Ulips’ maturity proceeds attract tax if their annual premiums exceed Rs 2.5 lakh. However, Budget 2025 has granted a ...

Gifts made during one’s lifetime and the value of one’s estate at death are added together. If they are below the exemption ...

The government clarifies: "Any Inheritance Tax due on gifts is typically paid by the estate, unless you give away more than ...

The central government has provided great financial relief to senior citizens by changing the tax slab. The government has ...

Union Finance Minister Nirmala Sitharaman presented the budget for the financial year 2025-26 on Saturday. This is the first ...

Any gift exceeding the annual gift tax exclusion amount, which in 2024 is $18,000 per donor per recipient, is a taxable gift that must be reported by filing a gift tax return (IRS Form 709).

Internal Revenue Service recently issued final regulations (final regs) imposing a tax on U.S. citizens, residents and ...

When gift taxes apply, they’re paid by the person making the gift, rather than the person receiving the gift. You can make gifts up to the annual exclusion amount ($18,000 in 2024 and $19,000 in ...