Most households don't have to worry about the gift tax. For 2025, you can give up to $19,000, per person, to as many people ...

“One of the best ways to cut the amount of tax you have to pay is to make gifts during your lifetime,” says Sarah Coles, head ...

Perhaps your daughter recently got married and you want to help her and her husband start their new life. Or maybe they ...

You can also give away regular gifts for birthdays or Christmas from your usual income tax-free. Other allowances to note ...

Generational wealth -- the various financial assets that are passed down through families to children, grandchildren and ...

Conservative Leader Pierre Poilievre is promising an additional C$5,000 ($3,500) in tax-free savings room for Canadians who ...

Savers have less than a week to go to boost their pension savings before the end of the tax year on April 5.

Forming a trust now and funding it after Congress decides whether to keep the current gift tax exemption rate could make for ...

Ms Partridge warned that given the economy has failed to grow as minister hoped it would, Chancellor Rachel Reeves has only ...

Fortunately, the IRS allows you to give away a certain amount of assets – from real estate and stocks to cold hard cash – free ... enough gift, it becomes taxable. The IRS taxes applicable ...