What Is The Gift Tax Rate?
If you’re planning to make a large gift of money or property to someone—whether a family member, neighbor, friend or otherwise—then the gift tax should be on your radar.
Tara Mastroeni
Contributor
About
Tara Mastroeni is a real estate and personal finance writer. Her work has been published on websites such as LendingTree, Business Insider, and The Motley Fool. She has also been featured as a subject matter expert on Innovators with Jane King and the American Trends podcast. Find her at TMWritingServices.com or on Twitter at @TaraMastroeni.
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What Is A W-2 Form? Everything You Need To Know
If you’re an employee, Form W-2 is one of the most important forms you'll receive at tax time. It includes information about the income and benefits you received during the tax year, so you’ll need it when preparing your tax...
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Tax Evasion Vs. Tax Avoidance: What’s The Difference?
While tax evasion and tax avoidance sound similar, they’re far from interchangeable. One is a legitimate strategy to reduce your tax burden, while the other could land you in serious trouble with taxing authorities. If you want to hand over...
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What Are Payroll Taxes? An Employee’s Guide
If you’re wondering why your paycheck is smaller than your salary suggests it should be, the answer may be payroll taxes. Businesses collect these taxes regularly and pay them on behalf of their employees. The money is used to fund...
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USD To CNY: How To Convert Dollars To Renminbi
If you’re planning a trip to China in the near future, you may want to exchange some of your money into renminbi, the country’s official currency. “Renminbi” and “yuan,” which is the primary unit of renminbi, are often used interchangeably....
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USD To EUR: How To Convert Dollars To Euros
If you’re planning on traveling to Europe in the near future, you may want to convert some of your money into euros. This post outlines everything you need to know about converting USD to EUR, including how to get the...
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Everything You Need To Know About Delaware State Taxes
Delaware requires you to pay taxes if you’re a resident, or a nonresident who receives income from a Delaware source. The state’s income tax rates run from 0% up to 6.6%. Delaware doesn’t have a state sales tax. Numerous tax...
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How To Create A Financial Wellness Checklist
As Americans continue to deal with financial stress due to soaring inflation, higher gas prices and rising food costs, taking inventory of your current finances and preparing for the unexpected can help you make more informed decisions about your finances...
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Everything You Need To Know About Kansas State Taxes
Kansas requires you to pay taxes if you’re a resident or nonresident who receives income from a Kansas source. The state income tax rates range from 0% to 5.7%, and the sales tax rate is 6.5%. The Sunflower State offers...
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Everything You Need To Know About Louisiana State Taxes
Louisiana requires you to pay taxes if you’re a resident or nonresident who receives income from a Louisiana source. The state income tax rates for the 2021 tax year range from 2.0% to 6.0%, and the sales tax rate is...
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Everything You Need To Know About Hawaii State Taxes
The state of Hawaii requires you to pay taxes if you are a resident or nonresident and receive income from a Hawaii source. The state income tax rates range from 1.4% to 11%, and the Aloha State doesn’t charge sales...
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Everything You Need To Know About New Mexico State Taxes
New Mexico requires you to pay taxes if you’re a resident or nonresident who receives income from a New Mexico source. The state’s income tax rates range from 0% to 5.9%, and New Mexico doesn’t charge a sales tax. The...
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Everything You Need To Know About Iowa State Taxes
The state of Iowa requires you to pay taxes if you are a resident or nonresident who receives income from an Iowa source. The state income tax rates range from 0% to 8.53%, and the sales tax rate is 6%....
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Everything You Need To Know About Idaho State Taxes
The state of Idaho requires you to pay taxes if you are a resident or nonresident who receives income from an Idaho source. The state income tax rates range from 0% to 6.5%, and the sales tax rate is 6%....
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Everything You Need To Know About South Carolina State Taxes
The state of South Carolina requires you to pay taxes if you are a resident or nonresident who receives income from a South Carolina source. The state income tax rates range from 0% to 7%, and the sales tax rate...
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Everything You Need To Know About Pennsylvania State Taxes
The state of Pennsylvania requires you to pay taxes if you are a resident or nonresident who receives income from a Pennsylvania source. The state has a flat income tax rate of 3.07% and a sales tax rate of 6%....
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How To Pay Down Debt Before A Recession Hits: What Borrowers Need to Know Going Forward
During times of economic uncertainty, many Americans get more cautious with how they spend their extra cash. But if you’re also carrying debt, you may wonder how to prepare for a recession and how it could impact your finances. Here’s...
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What You Need To Know About Wisconsin State Taxes
The state of Wisconsin requires you to pay taxes if you are a resident or nonresident that receives income from a Wisconsin source. The state income tax rates range from 0% to 7.65%, and the sales tax rate is 5%....
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Everything You Need To Know About Utah State Taxes
The state of Utah requires you to pay taxes if you are a resident or nonresident that receives income from a Utah source. The state uses a flat tax rate of 4.95% for all income levels and the sales tax...
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Everything You Need To Know About Oklahoma State Taxes
The state of Oklahoma requires you to pay taxes if you’re a resident or nonresident that receives income from an Oklahoma source. The state income tax rates range from 0% to 5%, and the sales tax rate is 4.5%. Oklahoma...
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Everything You Need To Know About Alabama State Taxes
The state of Alabama requires you to pay taxes if you are a resident or nonresident that receives income from an Alabama source. The state income tax rates range from 0% to 5%, and the sales tax rate is 4%....
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Everything You Need To Know About Oregon State Taxes
The state of Oregon requires you to pay taxes if you’re a resident or nonresident that receives income from an Oregon source. Oregon assesses income taxes up to 9.9%, and doesn’t have a general sales tax rate. Oregon offers tax...
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Everything You Need To Know About Massachusetts State Taxes
The state of Massachusetts requires you to pay taxes if you’re a resident or nonresident that receives income from a Massachusetts source. The state income tax is charged at a flat rate of 5%, and the sales tax is charged...
About
Tara Mastroeni is a real estate and personal finance writer. Her work has been published on websites such as LendingTree, Business Insider, and The Motley Fool. She has also been featured as a subject matter expert on Innovators with Jane King and the American Trends podcast. Find her at TMWritingServices.com or on Twitter at @TaraMastroeni.
