Trump Accounts launch in 2026 for children born 2025–2028. Each starts with a $1,000 federal deposit. Families can add up to ...

If you provide financial help to family, friends, or others — whether paying tuition, covering medical bills, or sending money through an app — you might be wondering about possible IRS or tax ...

Imagine your child is getting married and you want to help pay for their wedding. You’ve been saving for years and now have $30,000 set aside for their big day, which you plan to hand over in the form ...

Adam Palasciano is a writer over three years of experience writing about personal finance, investing, student loans, and more, for outlets like GOBankingRates, FinanceBuzz, The Penny Hoarder, and Wall ...

Comerica reports on seven critical gifting mistakes in estate planning that can lead to tax liabilities, urging careful ...

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

Discover how IRS Form 1065 helps partnerships report income and deductions. Learn how it’s crucial for completing partners’ tax returns with Schedule K-1 allocations.

Could half of the people who qualify for Trump Accounts lose out? What parents need to do to make sure they're on track to get cash for their kids.

Attorneys settled on the following legal definition for gift: a voluntary transfer of property without consideration, meaning the recipient does not give anything in return. For a gift to be legally ...

Discover how IRS Publication 557 can guide your organization to secure and maintain tax-exempt status, ensuring compliance with essential IRS regulations.

More than one third of gift-getters intend to return or exchange Christmas gifts, according to data aggregator Civic Science, and if you're one of those people, you'll need to know the Christmas gift ...

When the IRS first put out Publication 590-B in 2021 for the 2020 tax year, it offered an example that implied someone (a non ...