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money

07 Jul I’m getting a divorce. What happens to retirement accounts?

Posted at 05:01h in Ask NJMoneyHelp, Retirement

New Jersey is an equitable distribution state. Here's what it means. ...

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notebook pencils and glasses

07 Jul Can I give money away without it being a taxable gift?

Posted at 05:01h in Ask NJMoneyHelp, Estate Planning, Taxes

The lifetime gift tax exemption is $11.7 million in 2021....

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22 Sep If I gift more than $15K, what tax forms do I need?

Posted at 06:02h in Ask NJMoneyHelp, Estate Planning, Taxes

You may need to file a gift tax return depending on your choices. ...

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08 Jan What’s the best way to give money to my adult children?

Posted at 06:01h in Ask NJMoneyHelp, Estate Planning, Retirement

Be aware of gifting rules before you give away your money. ...

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14 Nov How can I give a money gift in secret?

Posted at 06:02h in Ask NJMoneyHelp, Estate Planning

There are several options if you want to give anonymously. ...

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28 Oct What’s the smartest way to gift my home?

Posted at 06:02h in Ask NJMoneyHelp, Estate Planning, Real Estate

There are several gifting strategies to consider before making a move. ...

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25 Oct Do I need to file a gift tax return for these gifts?

Posted at 06:02h in Ask NJMoneyHelp, Estate Planning, Taxes

The IRS permits certain gifts to be given without a tax return filing. ...

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08 Oct Should I gift money to my kids now or wait to save taxes?

Posted at 06:02h in Ask NJMoneyHelp, Estate Planning, Taxes

You should take your total financial plan into account before you decide. ...

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01 Oct Will the IRS know if I gift money to my grandchildren?

Posted at 11:17h in Ask NJMoneyHelp, Taxes

It's upon the giver to report gifts to the IRS....

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01 Aug When giving a home as a gift, why planning matters

Posted at 11:53h in Ask NJMoneyHelp, Estate Planning

A gift isn't always the smartest way to transfer a home. ...

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