Here are eight types of income that are free from federal taxes. Child support payments are nontaxable income for those who ...

If you’re biding your time until Mom or Dad or that rich uncle dies, passing their wealth to you, then prepare yourself for a ...

One of the most common questions I hear from clients in my estate planning practice is: "Will my heirs have to pay taxes on ...

Iowa has the lowest state inheritance tax, at a maximum of 2%. Kentucky and New Jersey have the highest, at a top rate of 16%, but they are among a group of three states that offer exemptions up to a ...

The House of Representatives has retained Value Added Tax, VAT, at 7.5 per cent and rejected a staggered increase to 15 per cent by 2030 as proposed in the Tax Reform Bills being debated at the ...

LINCOLN — Nebraska lawmakers have resisted efforts for years to join the vast majority of states in ending the inheritance ...

South Korea plans to replace its decades-old estate tax system with an inheritance tax, easing tax burdens on beneficiaries ...

The House of Representatives on Thursday considered and adopted the reports of its committee on finance regarding the four ...

The House of Representatives have amended some contentious clauses in President Bola Tinubu's tax reform Bills, to align with ...

But they won’t be required to pay federal gift taxes until they give away millions during their lifetimes. If you receive an inheritance, you won’t owe any estate tax. The deceased person’s ...