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Gift Tax-Free Limits in 2025: A Comprehensive Guide

Understanding the Gift Tax Exemption: The gift tax exemption refers to the amount of money or property that an individual can transfer to another person as a gift without incurring any federal gift tax. This exemption is set annually by the Internal Revenue Service (IRS) and is adjusted for inflation. 2025 Gift Tax Exemption Amount: For the year… Read More »

Discover the Projected 2025 Social Security Increase

In the United States, the Social Security Administration (SSA) provides retirement, disability, and survivors’ benefits to eligible individuals. The amount of SSA benefits is adjusted annually based on the cost-of-living. In 2023, SSA benefits increased by 8.7%, the largest increase in 40 years. For 2025, the SSA has estimated that benefits will increase by 5.8%. There are a… Read More »