"We’re shifting more toward a world where it’s more common and comfortable to not join finances, and that’s okay." ...

Or they could write one check from a joint account for the total amount ... of that gift doesn't exceed a certain amount. Couples can split gifts and avoid paying any gift taxes, too.

When filing taxes next year on 2024 income, the standard deduction will increase for married couples and for single taxpayers ...

As the name implies, a SLAT is an estate-planning strategy in which one spouse gifts assets in an irrevocable trust that benefits the other spouse, removing the assets from their joint estate.

Kate Anania is an award-winning economic analyst for an international think tank. She is also the recipient of two nationally competitive fellowships. Doretha Clemons, Ph.D., MBA, PMP, has been a ...

Talk about what you’re comfortable spending on gifts for each ... utilities or rent. Some couples find it easier to budget if their finances are combined into one joint account.

The brackets that determine how much Americans pay in taxes each year are moving up by their smallest amount in a few years.

IRS announces modest inflation-adjusted tax brackets for 2025, with a 2.8% increase, the smallest in years, aimed at ...

Hailee Steinfeld and Josh Allen are so in sync that they even coordinated holiday presents. In the most recent edition of ...

The IRS’s Revenue Procedure 2024-40 outlines crucial adjustments for tax year 2025, including updated tax brackets.

Unlike married couples, partners who cohabitate aren’t automatically ... Decide whether you want to have any money in a joint account or if you’ll maintain separate accounts. “One-in-seven (14%) ...

Pelargonium geraniums that have brightened your deck pots can be overwintered in a cool basement space. Dig the plants and ...