What is the 'Daughter Tax?'
When parents or relatives need care, the financial, professional and personal costs often fall on daughters.
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When parents or relatives need care, the financial, professional and personal costs often fall on daughters.
By Lily Vittayarukskul, Founder & CEO, Waterlily When I was 16, my aunt was diagnosed with terminal colon cancer. She was like a second mother to me and a cornerstone of our fi...
Do you currently have adult children who are not your dependents living under your roof? If you are supporting adult children, or […] The post Gift Tax: The Tax Implications of Sup...
My husband and I transferred ownership of our house to our daughters in 2012. My husband died but I still live in the house.
She has not put her name on the deeds yet, as her father said wait till he dies then she will be able to change the whole thing at once.
So my mom called me last week. Not to catch up, not to tell me about her neighbor's new dog – she wanted to know why her tax refund was smaller than her friend Linda's. Linda, it t...
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) removed Rs 1.13 crore additions of jewellery and cash discovered during the NIA search, carrying that married daughters...
PTIN without permission; further the conspiracy; fictitious children; and other highlights of recent tax cases.
₹1.97 Crore in a Minor’s Name, But Taxed in Father’s Hands: Madras High Court Quashes Reassessment Against Minor Liya Acharya (Minor) v. Union of India | W.P. No. 32492 of 2026...
A race is under way to hand cash and other assets to younger generations ahead of a new inheritance tax levy on unspent pensions.
Inherited Property: A Gift of Wealth or a Bundle of Tax Questions? There are some things in life that come without a purchase bill. A parent’s blessings, family photographs, ol...
In addition to the federal estate tax, which has a top marginal rate of 40 percent, 12 states and the District of Columbia impose estate taxes, while five states levy inheritance t...
Updated for tax year 2026. Being a parent often involves lending money to your kids throughout their lives. Maybe you’re […] The post Family Loans: Does the IRS Care If I Lend My K...
She never left the 12% bracket. Her tax bill said 22%. Here's the formula behind the gap, and how to dodge it.
My son Henry won't retire until roughly 2088. He's only five and has just started his second year at primary school, but I'm already planning ahead for him.
For most of 2025, parents braced for the child tax credit to shrink. The $2,000-per-child credit was scheduled to drop to $1,000 at the end of the year, along with a batch of other...
In the Wall Street Journal, Laura Saunders refreshes well-traveled techniques for intergenerational wealth transfers beyond the ultrawealthy. Many of these involve helping younger...
Grieving families were forced to pay a record £315 million tax in a single year on gifts that their loved ones made to them towards the end of their lives.
New Hampshire Democrat congressional candidate Stefany Shaheen, the daughter of U.S. Sen. Jeanne Shaheen (D-NH), said this week that she wants to reverse Republican tax reductions,...
An Indiana woman who challenged her late father's decision to leave his entire estate to his fiancee has lost her legal battle. Stacia Davis was ordered to pay $22,208 in attorney...
Inheriting a home can mean inheriting property taxes, too. Here’s what heirs, executors, and families need to know to avoid surprises.
Is it only my residence nil rate band that is tapered away, while my husband's remains intact from his death?
Phil Bond erbt das Haus seiner verstorbenen Mutter. Kurz darauf verlangt Cardiff mehr als 4000 Pfund Council Tax – wegen eines Aufschlags für Leerstand.
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