Start saving early to benefit from compounding growth, set up automatic contributions to ensure regular savings, and encourage family and friends to contribute as gifts. A great way to save First they wanted toys, then computers. Now they want to go to college. The cost of raising child...
Cash gifts from non-relatives not taxable up to Rs50,000 in a yearSonu Iyer
Advisement that people own no-load bond funds from recognizable management firms with average or better returns over five years, consistent yields, and low expenses; Warnings about owning bonds directly because of low bond yields; Recommendations for government and taxable funds; Strategy for ...
Reselling toys can help you earn extra money, but you will owe theInternal Revenue Service (IRS)a slice of your profits. IRS tax rules require you to report alltaxable income, including money earned from a side hustle or business. Online selling platforms, such as Amazon and payment processor...
Child Support Enforcement and Fathers' Contributions to Their Nonmarital Children This study examines the total package of child support that mothers receive from the nonresident fathers of their children, by focusing on three components of total support: formal cash, informal cash, and in-kind suppo...
 We are already seeing some signs that investment buying is starting to slow. In real estate, things historically turn very slowly. The reason for this is because real estate is not a very liquid investment. However, we’ve never had this much hot money...
No tax on cash received as gift on your wedding; else gifts above Rs50,000 taxableParizad Sirwalla
Are there types of gifts that are not taxable? Yes. There are a few categories that, in general, are not subject to gift taxes, including: Tuition paid directly to a college Medical bills paid directly to a care provider Gifts to your spouse ...