Gift and Estate Tax Benefits
This is a news story, published by Yahoo Finance, that relates primarily to IRS news.
personal finance & financial education news
For more personal finance & financial education news, you can click here:
more personal finance & financial education newsYahoo Finance news
For more news from Yahoo Finance, you can click here:
more news from Yahoo FinanceAbout the Otherweb
Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like personal finance & financial education news, you might also like this article about
gift tax implications. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest applicable gift taxes news, estate tax news, personal finance & financial education news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
gift taxSmartAsset
•Estate and gift taxes can get complicated, so here's how to avoid them
72% Informative
Taxes on gifts and estates are governed by the same section of the tax code.
The gift and estate tax is a tax that applies to all unilateral transfers.
Very few people owe either gift or estate taxes because of very high exemption thresholds.
You should consider speaking with a financial advisor if you want professional guidance.
Adding someone as a joint owner to an asset means that you've given them a portion of ownership.
The gifts and estate tax is a tax on any unilateral transfer from one person to another.
It applies any time you give someone ownership or control over an asset.
The IRS may see this as a gift if you're withdrawing or benefiting from the account, which could trigger the gift tax.
VR Score
68
Informative language
69
Neutral language
48
Article tone
informal
Language
English
Language complexity
37
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
detected
Known propaganda techniques
not detected
Time-value
long-living
External references
9
Source diversity
5
Affiliate links
no affiliate links