The federal gift tax system works somewhat like a lifetime ledger. In many cases, give a large gift and you need to report it – not write a check to the IRS.

A true gift isn’t payment for work or services, and money or property inherited from a family member or friend is also generally not taxable income to the recipient.

Before selling an investment that has increased in value, check how long you’ve owned it. Waiting more than one year may qualify you for a big tax break.

For some taxpayers, provisions of Donald Trump’s so-called One, Big, Beautiful Bill Act reduced their tax liability, which may have led to larger refunds.

Fiduciaries are legally required to put your interests ahead of their own when providing financial advice or making recommendations.

Crowdfunding has become a meaningful way to bring together community support at difficult moments. It is not a complete financial plan.