The Internal Revenue Service (IRS) sets an annual limit on the amount of money or property that an individual can give to another person tax-free. This limit is known as the gift tax limit or the annual gift tax exclusion. Exceeding the limit may result in gift tax liability. The gift tax limit is subject … Read more
The gift tax is a tax on the transfer of property by gift. The gift tax is imposed on the donor, not the recipient, of the gift. However, the recipient may be liable for the gift tax if the donor does not pay the tax. The gift tax rate is a progressive rate, which means … Read more
In the era of digital technology, children are increasingly exposed to screens, whether through smartphones, tablets, computers, or televisions. While these devices can offer educational and entertainment opportunities, they also raise concerns about the impact of excessive screen time on children’s development and well-being. Research has shown that excessive screen time can lead to a … Read more
In today’s modern world, children are often exposed to various forms of screen media, including smartphones, tablets, computers, and televisions. While these devices can provide educational and entertainment benefits, excessive screen time can have detrimental effects on a child’s development, physical health, and well-being. This informative article aims to highlight the reasons why parents should … Read more
