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The Uniform Transfers To Minors Act (UTMA) is a uniform act drafted and recommended by the National Conference of Commissioners on Uniform State Laws in 1986, and subsequently enacted by all U.S. States, which provides a mechanism under which gifts can be made to a minor without requiring the presence of an appointed guardian for the minor, and which satisfies the Internal Revenue Service ...
In 2010, like the Federal Estate Tax, the generation-skipping transfer tax was briefly repealed. In that year, the GST tax rate was effectively zero. [9] However, the law that created increased exemptions and the ultimate repeal of the GST tax expired on December 31, 2010. [10] In 2016, the exemption was $5.45 million per person.
Grandparent visitation is a legal right that grandparents in some jurisdictions may have to have court-ordered contact (or visitation) with their grandchildren. In no case is contact between grandparents and children considered an inalienable right.
Barreling through the House is a bill that would ban Floridians younger than 16 from social media, regardless of what a parent may want.
In the United States, each state and territory sets the age of consent either by statute or the common law applies, and there are several federal statutes related to protecting minors from sexual predators. Depending on the jurisdiction, the legal age of consent is between 16 and 18.
Hours after Gov. Ron DeSantis said a bill that bans minors younger than 16 from social media wasn’t “there yet,” the Florida House approved it anyway. Social media ban for minors passes ...
The kiddie tax does not apply unless all three of the following conditions are true: (a) the child is required to file a return for the year; (b) the child has at least one parent alive at the close of the taxable year; and (c) the child will not file a joint return for the taxable year. [3] The kiddie tax provision only applies to unearned income.
'I just was blindsided': This Florida retiree can't claim Social Security benefits despite paying the tax his whole life — after finding out he's not a US citizen 60 years later Bethan Moorcraft ...