tax breaks for gifts to grandkids Headlines

  • The 10 biggest tax breaks for individuals

    The overhaul of the US tax code was supposed to make taxes simpler and more streamlined. Nearly doubling the standard deduction was a move in that direction. But the changes did very little to reduce the number of so-called tax expenditures — a term for all credits, deductions, exemptions and exclusions. "We just had a major tax reform and there are still over 200 tax expenditures," said Len Burman, co-founder of the Tax Policy Center and an Institute Fellow at the Urban Institute. That just...

  • Income tax plan break-down a joke:Morrison

    Treasurer Scott Morrison believes putting any faith in breaking down his personal income tax plan into individual years over a decade is a "joke".The Greens...

    Mail Online
  • Utah Facebook facility eligible for additional tax breaks

    Facebook could receive an additional $5.8 million in sales tax breaks on a new data center planned for Utah. Sales tax incentives for the nearly 1-million-square-foot facility would be on … Click to Continue

  • The Latest: Oregon special legislative for tax break begins

    The Latest on a special session of the Oregon Legislature: (all times local): 9:21 a.m. The Oregon Legislature has convened for a special session as Democrats sought to put meat … Click to Continue

  • This investment fee tax break is gone. Here’s what it means for your IRA

    The expenses you paid for your investment accounts are no longer deductible. That means you need to take a second look at how you foot the bill for your IRA.

  • Why the ultra-wealthy are the only winners of 'perverse' inheritance tax gifting rules

    Inheritance tax’s gifting system is a “perverse game of Russian roulette” that doesn't help people with smaller estates, experts have said, as the Office of Tax Simplification considers the rules as part of its review into inheritance tax (IHT).

    The Telegraph