Regular Ulips’ maturity proceeds attract tax if their annual premiums exceed Rs 2.5 lakh. However, Budget 2025 has granted a ...

so even though the trust maker must file the gift tax return, no gift tax is owed because the trust maker’s exclusion “exempted” the gift from gift tax. Because the trust maker has given up ...

Under the Income Tax Act, gifts received from specified relatives—such as parents, siblings, or spouses—are fully exempt from ...

Uttarakhand Chief Minister Pushkar Singh Dhami thanked Union Government under the leadership of Prime Minister Narendra Modi ...

More wealthy Britons are gifting their money to family members, according to tax advisors, following concerns that Rachel ...

Gift tax rates range from 18% to 40% based on the size of the gift. However, not all gifts trigger this federal tax. In 2025, the IRS allows you to give away up to $19,000 ($38,000 for married ...

But if you don’t file a gift tax return, there’s no statute of limitations. The IRS can raise questions about the transaction five, 10, or 20 years later. It can come after your estate or ...

Opinions expressed by Forbes Contributors are their own. Darren Case is an Arizona attorney covering tax and estate planning. The holiday season is a time for generosity, especially when it comes ...