The federal estate tax exemption for 2025 is set at $13.99 million per person. This exemption allows individuals to transfer a substantial portion of their estate to heirs without incurring federal ...

The IRS recently announced that the annual gift tax exclusion is increasing to $18,000, per recipient for 2024. This is the highest the exclusion has ever been. This change is effective January 1, ...

There are currently 41 states and Washington, D.C. that do not tax Social Security benefits. The remaining nine states that do are: Colorado, Connecticut, Minnesota, Montana, New Mexico, Rhode Island, ...