How much money can I give to my son and daughter-in-law without incurring a tax issue with the IRS? -Irwin For 2023, you can ...

The holidays are the season of giving—and with a little planning, you can make your gifts both generous and tax-efficient.

Dear Quentin, My husband and I plan to help our daughter with some of her wedding expenses. It’s my understanding an individual can give $19,000 in a year without triggering a taxable event. What is ...

Beverly is a writer, editor, and paralegal specializing in personal finance and tax law. She covers personal financial and legal topics, as well as tax breaks, tax preparation software, and tax law ...

'We do not see eye to eye on using paper checks' "My husband and I do not see eye to eye on using a paper checkbook, but that's a story for another day." (Photo subjects are models.) Dear Quentin, My ...

Key changes in estate and gift tax exemptions and valuation rules for 2025 offer expanded benefits, though some are temporary: Estate and gift tax exemption: The lifetime exemption rises to ...

Each week, in our Ask the Editor series, Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on topics submitted by readers. This week, she’s looking at questions on the tax rules for ...

The recently enacted One Big Beautiful Bill Act (OBBBA) brings sweeping and permanent changes to the federal estate, gift and generation-skipping transfer (GST) tax landscape. Most notably, it ...

Generally speaking, IRC section 2503(b) allows donors an annual gift tax exclusion on the first $11,000 (the statutory $10,000 adjusted for inflation for 2003) of gifts made to each person during the ...