If you’re considering giving a monetary or valuable gift to a loved one, understanding the annual gift tax exclusion is essential. This exclusion allows you to give a certain amount each year without triggering federal gift tax obligations. In this
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Receiving an inheritance can be a financial blessing, but many people worry about whether they’ll have to pay taxes on what they inherit. The good news? Inheritance itself is not considered taxable income at the federal level. However, certain assets
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Whether you’re planning for wealth transfer or protecting your assets, this guide will help you prepare for what lies ahead.
Learn about Medicaid lookback periods and Pennsylvania inheritance tax when transferring your home to children. Daley Zucker, LLC offers expert guidance in Harrisburg.
Whether you're facing an IRS audit, dealing with tax debt, or simply need advice on tax planning, having an experienced tax attorney by your side is crucial.
In Pennsylvania, the calculation of support obligations is based heavily on parties’ net incomes. In the last article, we discussed the elimination of the Personal Exemption and how that will impact on child support calculations. This article will continue to
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As many of you may have seen, last week’s article highlighted some of the changes we expect with the new federal tax laws that take effect in 2018 and future years. While these changes will likely impact everyone in some
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While the majority of the provisions have no impact on your 2017 income tax returns, several things do require your immediate attention. The Medical Expense Deduction was threatened but was saved! In fact, for 2017 and 2018 tax years, the
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Behind on your Pennsylvania Taxes? This Should Interest you, Literally! In July 2016, the Pennsylvania Legislature passed a Tax Amnesty Program for Fiscal Year 2016-2017, the first tax amnesty program since 2009-2010. Importantly, this applies to any person, association, fiduciary,
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What is a Qualifying Person for Head of Household? It is that time of year, again. April is fast approaching and parties who have separated during the prior tax year will be confronted with a number of decisions regarding their
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