Question: I am the co-trustee of my mother's revocable trust. Is it best to sell stocks held in my mother's revocable trust before or after her death?
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Today, U.S. Senator Tommy Tuberville (R-AL) and U.S. Senator Roger Marshall (R-KS) introduced the Overtime Wages Tax Relief Act, which would provide much needed relief for overtime wage workers. This bill would create a tax deduction for overtime wages up to $10,000 for individuals and $20,000 for married couples—targeting middle-income Americans. The Wall Street Journal first reported on the bill’s introduction.
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?
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.