You Searched For "Gift Tax" and got 20 results
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5 mins read
From ALICEs to HENRYs, here's what people across the tax brackets discuss in therapy
Therapists shared what their clients talk about with Business Insider. While ALICEs struggle with t…
Serafina Kenny
3 mins read
How rich Americans can save on taxes by giving stock and real estate to their parents
The rich can avoid capital gains taxes by giving appreciated assets to their parents and inheriting…
Hayley Cuccinello
5 mins read
Move over regular gifts! Gift your sister stocks, MF units this Rakhi
Once you initiate the transfer, your broker will send an email and SMS to the recipient, who will h…
5 mins read
8 of the savviest loopholes wealthy investors use to reduce or avoid capital gains tax
Some of these strategies allow investors to completely avoid paying taxes on their gains.
Laila Maidan
5 mins read
Get ready for a dockworker strike that could disrupt everything from medicine to holiday gifts
An October strike on shipping docks along the East and Gulf Coasts could cause delays in nearly eve…
Ayelet Sheffey,Juliana Kaplan
1 min read
After outrage, Govt clarifies: tax clearance certificate only for people with tax dues, high-value defaulters
As per section 230 of the Income-tax Act, 1961, every person is not required to obtain a tax cleara…
PTI
3 mins read
Confused about the new tax regime? Here's when you should opt for it
The new regime was introduced in budget 2020 to simplify taxation, and offer lower rates of taxes c…
4 mins read
Inheritance can destroy a family or be a life-changing gift. Here's how I advise my clients as an estate-planning attorney.
Dana Blue says she's seen clients experience "sudden wealth syndrome," where, after coming into mon…
Jen Glantz
2 mins read
Warren Buffett's death plan dodges taxes and will make his kids 'philanthropic titans,' says wealth inequality guru
Author Chuck Collins says vast fortunes are a red flag and explains why Warren Buffett's post-death…
Theron Mohamed
2 mins read
Filing your ITR at the last minute? Don't make these mistakes
As per official data, about 6 crore ITRs have already been filed so far, and around 70% of them hav…
5 mins read
Five gifts you can give to yourself, friends, or family, towards achieving financial independence
Ahead of India's 78th Independence Day, find out how a professional achieved financial independence…
1 min read
Two Japanese banks set to start operations in GIFT City: IFSCA chief
Two more Japanese banks are set to join 10 foreign and 16 local banks in the tax-free GIFT City, wh…
PTI
2 mins read
Senators ask DOJ to investigate 'serious possibility of additional tax fraud' by Clarence Thomas
Two Democratic Senators asked Attorney General Merrick Garland to launch a special counsel investig…
Katherine Tangalakis-Lippert
1 min read
Govt exempts investment trusts, ETFs from capital gains tax in GIFT City
The government has exempted units of investment trusts and ETFs issued by entities based in GIFT Ci…
PTI
3 mins read
I saved $1,000 a month when I cut alcohol. The emotional and physical tax was just as expensive.
Katie Butler saves $1,000 a month from sobriety. She now has money to put in monthly savings, for t…
Tess Martinelli
3 mins read
A boomer helped pay for his daughter's college and her husband's student debt. He won't start gifting their inheritance until they curb their spending.
A boomer told BI he has helped his daughter and her husband pay for college and a home. He'd like t…
Kelsey Vlamis
4 mins read
A boomer dad who's 6 months away from retirement has already started gifting his Gen X and millennial kids their inheritance
A 68-year-old boomer says he's passing his wealth down to his adult kids now when they need it most…
Kelsey Vlamis
11 mins read
Give the gift of stocks in 2023 — here are 4 ways to gift stock to friends, family, and charities
Gifting stocks is one way to pass along wealth while deferring taxes, especially when the value is …
Rickie Houston,Katherine McLa…
1 min read
4 tax strategies for investors, regardless of who wins the presidency, according to UBS
Investors should diversify their tax statements, defer capital gains for as long as they can, ramp …
Aruni Soni
4 mins read
Warren Buffett said he could make a 50% return on $1 million and predicted higher taxes. Here are 14 Q&A nuggets.
Warren Buffett teased a potential Canada bet, predicted Berkshire would surpass $200 billion in cas…