Question: I'm 94 years of age and own a home in Massachusetts. When I pass, will my heirs be able to take the $250,000 federal capital gains deduction that I would have been entitled to if I sold the house? Does this differ from state to state?
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Question: If I place my home in an irrevocable trust with my children as beneficiaries what is the tax upon my death?
Question: What’s the Best Way to Set Up A Scholarship Fund?
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The Alabama House of Representatives today passed a $192 million tax cut package. The package includes legislation aimed at reducing the cost of groceries, supporting senior citizens on fixed incomes, and cutting taxes on earned income.
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Rep. Danny Garrett (R-Trussville) has introduced four new tax cut bills aimed at providing further financial relief to Alabama families.
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Governor Kay Ivey today reminded Alabamians about the upcoming Severe Weather Preparedness Sales Tax Holiday. It will begin at 12:01 a.m. on Friday, February 21, 2025, and concludes at midnight on Sunday, February 23, 2025.