Category Archives: Gift Tax

Tax Credit Helps Low- and Moderate-Income Workers Save for Retirement

The IRS recently issued a release on a tax credit to help lower income workers save for retirement.  Low- and moderate-income workers can take steps now to save for retirement and earn a special tax credit in 2011 and the … Continue reading

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Eight Tips from the IRS to Help you Determine if your Gift is Taxable

The following is from a recent  Tax Tip issued by the IRS.  For more information, reference IRS Tax Tip 2011-62. If you give someone money or property during your life, you may be subject to the federal gift tax. Most … Continue reading

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