A financial planner answers 10 common questions about the gift tax

Generous gifts can have tax consequences, but in general, only very wealthy people need to worry about gift taxes. Still, there could be IRS paperwork involved.
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Asked on Reddit: My Partner Makes More Than Me. How Should We Split Expenses?

A Redditor recently asked about a common financial challenge: How should a couple handle shared expenses when one person vastly outearns the other?Many commenters suggested the higher earner should ...

Crowdfunded generosity isn’t taxable – but IRS regulations haven’t kept up with the growth of mutual aid

Some Americans are discovering that monetary help they received from friends, neighbors or even strangers may be treated as ...

'I need to get my financial ducks in a row': I'm 80 with $1 million. How do I prevent my son from being hit with inheritance tax?

By Quentin Fottrell 'I have $650,000 in investments, $250,000 in life insurance and about $150,000 equity in my home' "All of this goes to my son." (Photo subject is a model.) Dea ...