My son received one as a gift for his first birthday, and it proved useful when he was practicing sitting down and standing up. Since he’s mastered these things, the chair has been a nice place ...

Let’s say that you’re an individual who wants to give money to two people, your son and his wife ... so read on to learn just how the gift tax works. The gift tax is a hybrid tax on gifts ...

had her own parents to gift to her. Well, my DIL texted me saying she was very hurt that I only acknowledged my son (her husband's grad) and not hers as she thought she was a part of the family as ...

A $75,000 gift to your son would exceed your annual exclusion by $57,000, reducing your lifetime exemption by the same amount. Since you have your full $13.61 million lifetime exemption ...