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 ...
Your excess gift is $6,000 for that year (that’s $25,000 minus the $19,000 annual gift tax exclusion). That $6,000 excess applies to your lifetime exclusion of $13.99 million for a single taxpayer or ...
A Q&A on the potential 2026 estate, gift, and generation-skipping transfer (GST) tax changes and how counsel should approach planning with the uncertain future of federal transfer tax. As the national ...
On July 3, 2025, the U.S. House of Representatives passed the Senate’s amended version of H.R. 1—known as the “One Big Beautiful Bill Act” (OBBBA 2025)—by a narrow vote of 218 to 214. This sweeping ...
Forbes contributors publish independent expert analyses and insights. Bruce makes the law and tax code understandable to everyone. Update (July 7, 2025): Passed by Congress on July 3, 2025, and signed ...