Tax Law News and Insights

Highlights Republican control of the White House, U.S. Senate and U.S. House of Representatives presents an opportunity to enact law without the need for bipartisan support. Specifically, congressional Republicans will use the budget reconciliation process to pass significant legislation, and they could do so early in 2025. The budget reconciliation...

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Q: Should I gift my house to my child to ultimately reduce the Massachusetts Estate Tax due from my estate? A:   The combination of a high federal gift and estate tax exemption ($13.61 Million in 2024) and no Massachusetts gift tax means that a person could make gifts prior to his...

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Artificial intelligence tools have potential to lead great advances throughout society. But the tools have downsides, and some—including applicant screening tools, employee monitoring systems, and video interviewing scoring tests—may create bias-related risks. Employers should take advantage of AI tools' many benefits, but they must also ensure proper oversight and risk...

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