The gift tax is a tax assessed on transfers of cash or property valued above a certain threshold, which is referred to as an exclusion. The gift tax is paid by the giver of the gift, and rates range from 18% to 40%, depending on the amount by which your gifts exceed the exemptions.

Recent Terms

Wealth Management
Wealth management is the process of reviewing and making decisions about your wealth so you can achieve your financial goals.
Stagflation is an especially difficult economic environment created by the combination of several factors: slow economic growth, high inflation, and a high unemployment rate.
Exchange-traded fund (ETF)
An exchange-traded fund (ETF) is a type of investment fund that holds a variety of underlying securities, including stocks, bonds, or alternative assets. It’s a way for investors to pool their money and each gain exposure to the assets within the fund rather than purchasing each asset individually.