HMRC has issued a warning to anyone who has gifted money to their family - and it's not just about inheritance tax ...

The states with the highest 529 plan contribution limits allow as much as $575,000 to be saved for a single beneficiary’s ...

As 2025 begins, it’s the perfect time to hit refresh on your financial goals that you may have procrastinated over the past ...

Nevada’s Democratic Rep. Steven Horsford re-introduced legislation Thursday to eliminate the subminimum wage and end taxes on ...

The 2024 law is similar to a law Pritzker signed in 2019 creating a property tax relief task force. The report that resulted ...

That's due in part to the generous annual federal gift tax limit. For example, you can give up to the limit to friends, family, or anyone else and not be taxed. (The recipients won't be taxed on ...

Robert Powell: The Tax Cuts and Jobs Act was enacted in 2017 and was scheduled to sunset after 2025, but who knows in the wake of the federal election. Here to talk with me about this is Noah Harden, ...

An important part of financial planning for physicians with children can be 529 plans.

Gov. Gretchen Whitmer’s road funding plan would take a tire iron to Michigan’s legal cannabis industry, cannabis insiders say ...

It's a new year, which means it's time to start thinking about tax returns. While you do have until April 15, it's always a ...

On the most basic level, artists who may not earn much or any of their income from the sale of their artistic output need to prove to the IRS that they are professionals and not just dilettantes.

For federal estate and gift tax purposes, transfers are valued at the “fair market value” of the asset on the date of transfer. One of the more ...