23 Dec Dec. 23, 2024
Photo: pixabay.com‘Tis the season for gifts. One reader asked who, if anyone, has to pay tax on a gift of money. Another asked if they can fund Roth IRAs for their kids as a holiday gift.
One beneficiary of an IRA and an annuity asked how they have to take distributions from the accounts, and another asked what they will owe in taxes on their inherited IRA.
People have been waiting for their ANCHOR benefits. But, one reader asked, what happens to a home when an owner has died and the deed hasn’t been changed? We explain.
See all that and more in this week’s eNewsletter.