The IRS clarifies gift tax rules for Trump Account contributions, creating a safe harbor for donors while foreign ...

Rules and reporting requirements depend on whether the cash is income or a gift, how much money changes hands and if you're ...

The Internal Revenue Service (IRS) announced a tax safe harbor (Revenue Procedure 2026-25) on June 29 for certain individual Trump Account contributors, which qualifies them for a gift tax exclusion.

Parents and other contributors now have more clarity on a key tax issue tied to the newly launched tax-advantaged accounts.

The agency is allowing some contributions to be considered “current interest” gifts rather than “future interest” gifts.

Thinking about giving money or assets to family or friends? The IRS has strict gift tax limits that affect how much you can give without triggering taxes. This guide breaks down the annual and ...

Learn how to make 529 plan contributions as a gift, understand the gift tax rules, and explore how to contribute efficiently ...

There are a number of hurdles to clear before you can claim an adult kid as a dependent. Many, if not most, empty nesters are ...