If you gave money or property to someone as a gift, you may owe federal gift tax. The IRS has eight tips to help determine if your gift is taxable.
Indices closed out mixed on Thursday. The Dow rebounded from earlier low levels to post slight gains led by Intel and Coca-Cola. The S&P 500 and Nasdaq shed some points. Bank of America and Citigroup led losses in the financial sector. Action was mixed amid the release of some less-than-optimum economic data.
A rider on your life insurance policy can allow you to tap into death benefit funds should you need long-term care. Learn more in this week’s Insurance Tip.
Watch Ted Parrish, CFA on CNBC’s “Power Lunch” discussing the growth opportunities he sees in Consumer cyclical and Industrials. Watch the Interview