The Latest Breaking News from Tax Exemption

Capital gains tax rates might be lower than the gift and estate tax rate, but how you handle your estate and whether you use a trust can make a big difference in taxes owed.

Are big changes in tax laws coming soon? Not likely, but you might want to take advantage of higher estate and gift tax exemptions well before the end of 2025.

The Australia Institute says tax exemption on ‘commercial vehicles’ with no testing requirement is incentivising people to buy utes instead of EVs

From his office at St. James the Apostle, a 160-year-old Anglican church in downtown Montréal, Rev. Graham Singh is telling us about taxes. “Churches don’t like to talk about wealth. They almost pretend as though they’re poor.” In fact, as he points out, Christian churches in North America are the…

Madras High Court overturns decision denying tax exemption for automatic transmission car to physically challenged owner.

Not because of the viewpoints they express—but yes if they engage in systematic illegal conduct.

Rep. Jasmine Crockett's proposal for tax exemption as reparations for Black Americans sparks discussions on racial justice and equity.

The Georgia State Legislature ended its 2024 legislative session on March 29, having placed five measures on the ballot for the general election on Nov. 5, 2024. Three measures are constitutional amendments, and two are property tax exemptions.

The Georgia State Legislature passed a bill that would increase the personal property tax exemption from $7,500 to $20,000. The increase requires voter approval at the general election in Nov. 2024.

Chola-period inscriptions found at Viraiachilai Andavar Temple in Tiruchi reveal tax exemptions and land records.

Inflation adjustments to the gift and estate tax exemptions, along with the pending sunset of some tax cuts, make 2024 the year to dig into transfer strategies.