From financial gifts to Roth withdrawal rules, here’s what income stays tax-free under the new Trump 2025 tax bill, and some ...
SmartAsset on MSN
Will I Owe Gift Taxes If I Give My Son $75k for a Home Down Payment?
Unless you have given away more than $13 million in your lifetime, a $75,000 gift will not trigger the federal gift tax. Using this for a down payment also does not affect the result. A financial ...
Young and the Invested on MSN
Gift Tax Exclusion Rises $1,000 in 2025
Want to get on someone’s good side? Help them out financially? Or, perhaps, just make them really happy? Give ‘em a gift! (Cash is always nice.) But if you’re in a gift-giving mood, and you have a lot ...
'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 ...
No one is out to get you, even if you feel that way. Under President Joe Biden, the IRS targeted wealthy households and ...
Tribune Content Agency on MSN
The Savings Game: Taxes on gold coin gifts, and other reader questions.
Q: I plan on purchasing gold coins for investment and possibly provide gifts to some relatives. A: An excellent source for this issue is“ Your Guide to Paying Taxes on Precious Metals.” The source is ...
The Chosun Ilbo on MSN
Avoid Tax Bombs in Family Financial Transactions
Exchanging money within families is common. However, there are many cases where people send money thinking, “It’ll be fine,” ...
Taxpayers face a learning curve for figuring out how key tax deductions in the mega tax bill will work when they file 2025 tax returns next year.
Want to get on someone’s good side? Help them out financially? Or, perhaps, just make them really happy? Give ‘em a gift! (Cash is always nice.) But if you’re in a gift-giving mood, and you have a lot ...
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