As we enter 2025, it’s important to stay informed about the current federal estate and gift tax laws, including annual exclusion limits ...

you may have to file a federal gift tax return (IRS Form 709). But exceeding the limit doesn't necessarily result in owing tax, thanks to a high lifetime estate and gift tax exemption. The 2024 ...

The Tax Cuts and Jobs Act (TCJA), passed in 2017, created a golden opportunity for families to preserve and maximize the ...

Because of their many potential benefits, 529 plans can be helpful for families when it comes to estate planning.

Some financial advisors are readying their clients for the possibility of an extension of the TCJA, which is set to expire at ...

Christine Fletcher writes about managing trusts and estates. The federal estate tax (sometimes called the death tax) is a one-time tax that is imposed at death. If you die with a certain dollar ...

The federal gift tax might sound complicated ... Everyone has an annual and a lifetime gift tax limit. Gift and estate taxes primarily apply to large gifts made while you're alive or that you ...

Even if a client's net worth is under the federal estate tax exemption limits, financial advisors can help their high-net-worth clients minimize taxes by planning ahead and implementing certain ...

Thus, for federal estate and gift tax purposes ... trust if all the beneficiaries are US persons to achieve maximum US income tax efficiency. This is primarily the result of the fact that a ...

Rules and reporting requirements depend on whether the cash is income or a gift, how much money changes hands and if you're ...

The IRS has implemented new tax brackets and standard deductions for 2025, offering a slight boost to paychecks and reducing ...

The federal estate tax and GST tax lifetime exemption ... expert to ensure their plans are optimized for the higher tax exemption limits. This is especially important because these lifetime ...