A 75-year-old widow with $1.8 million in savings, no children, and a desire to support her alma mater faces a challenge ...

“I’m confident that I will never exceed the lifetime gift-tax exemption.” ...

High‑net‑worth families can preserve wealth across generations by pairing intentionally defective grantor trusts with ...

The Australian Taxation Office (ATO) is warning Australians to stop claiming private expenses on their tax returns. The ...

Wealthy families rushed to give away large sums in light of changing tax rules. But a tax reprieve has many wanting to claw back the cash and property.

A Mumbai taxpayer who declared income of just Rs 6.3 lakh came under the tax scanner after paying credit card bills worth Rs ...

As U.S. living costs rise, many Americans borrow from family, but these loans often go unpaid and risk being taxed as gifts.

Indian investors looking for global diversification now have two major routes: investing directly overseas under the ...

Last week I learned that the IRS will be able to compensate anyone who thinks the government has wronged them, via a ...

Giving a car as a gift sounds like the kind of move that earns you a standing ovation at Thanksgiving dinner. But one generous TikToker discovered there is a real legal wrinkle that comes with ... Rea ...

A 73-year-old husband and 70-year-old wife sitting on $4.2 million in retirement and brokerage assets generally assume the ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Chip Stapleton is a Series 7 and Series 66 license holder, CFA Level 1 exam holder, and ...