Cash gifts and income are subject to IRS reporting rules. Gifts of up to $19,000 in cash are exempt from reporting in 2025. Those who have household employees must report cash payments that exceed ...

Most people give gifts all the time without even thinking about the potential tax ramifications. Yet technically, whenever you give something to someone, you have to follow the gift-tax rules.

In the most recent segment of Ask the Hammer, Jeffery "the Buckinghammer" Levine answered this reader's question: "We are hearing a few conflicting answers when it comes to superfunding a 529 plan and ...