There is no gift tax on gifts to spouses who are United States citizens because of the unlimited marital deduction, but there is an annual limit on gifts to noncitizen foreign spouses, adjusted annually for inflation, on the amount that could be given tax-free:...
Campaign contribution limits for individual and PAC donors in 2025 are raised from $6,400 to $6,800 per election. The State Board of Elections has calculated the new limit based on changes to the consumer price index. A notice of increase […] Continue Reading campaign finance North Carolina...
The contribution limit for elective deferrals to 401(k), 403(b), most 457 plans and the federal government’s Thrift Savings Plan increases to $23,000 in 2024 from $22,500 in 2023. The total amount that you and your employer can contribute to a plan rises to $69,000 in 2024 from $...
**Production per year is generally governed by the United States government at 100 gallons per adult per year, or up to 200 gallons per year if their are 2 adults of drinking age living in the residence. Hawaii explicitly states that there is a 100 gallon per year limit on beer in their...
In the 1950s, South Africa's government passed new laws to limit the movement of African women in the country, with the goal of further entrenching the deep racial separation, also known as apartheid. Thousands of women from across South Africa marched on the capital city in protest of these...
Under general tax principles, taxpayers take into account increases and decreases in the value of their assets only at the time of a realization event, such as a sale. Currently, gifts and transfers upon death are not treated as taxable events. This is the...
The program is an excellent opportunity for girls to gain valuable skills and secure a promising career in the finance industry. This is part of the Bank’s CSR initiative under the aegis of Federal Bank Hormis Memorial Foundation. This News was posted on Thursday, May 11th, 2023 at 1:28 ...
With a joint account [the FL and some of the IL accounts were joint accounts] there is a presumption of donative intent: each joint account holder gifts to the other holder the joint account funds. So long as funds are deposited and a joint tenancy account contract is signed by the joint...
Pope Pius XI Addresses the Federal Vision Controversy. Alright, not exactly, but His Holiness comes pretty close in his 1928 theological defense (in Mortalium Animos) of the one and only Church Christ founded. In paragraph six, he explains why the Church
Set Spending Limits:If you exchange gifts with friends or a significant other, agree on a spending limit to avoid unnecessary stress on your finances. Believe it or not, St. Patrick’s Day offers an excellent opportunity to boost your financial literacy. Instead of merely searching for a pot...