From financial gifts to Roth withdrawal rules, here’s what income stays tax-free under the new Trump 2025 tax bill, and some information on what’s changed.
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 ...
My husband and I have started giving money to my sister to help her out. It’s going to be about $30,000 a year for the next five or so years at least. Will this sum be more than the amount the IRS ...