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The gift tax exclusion 2026 is $19,000 per recipient. See the lifetime $15,000,000 exemption, gift-splitting, Form 709 rules, and 2026 vs 2025 figures.

Cost basis is your investment in property for tax purposes. Learn how to calculate it, the FIFO, average cost, and specific ID methods, step-up and gift basis, wash sales, and 2026 broker reporting for stocks, funds, real estate, and digital assets.

How the wash sale rule (IRC Section 1091) disallows a tax loss, the 61-day window, the IRA basis trap, substantially identical securities, and Form 8949 reporting.

How a profit sharing plan works in 2026: the $72,000 section 415(c) annual additions cap, the 25% employer deduction limit, allocation formulas, and taxes, with primary IRS sources.

Cash balance plan contribution limits for 2026: age-based maximums, three IRS limits ($290,000 benefit, $360,000 comp cap), plus how to stack a 401(k).

Variable vs fixed annuity in 2026: a fixed annuity credits a set rate and protects principal; a variable annuity invests in subaccounts where you can lose money. Same tax treatment, different fees and risk.

A 1035 exchange lets an owner swap one insurance or annuity contract for a like-kind contract tax-free under IRC Section 1035. Learn the like-kind ladder, basis carryover, partial-exchange 180-day rule, MEC carryover, and reporting.

A QLAC is a qualifying longevity annuity contract held in a traditional IRA or workplace plan. See the 2026 $210,000 premium limit, the age-85 rule, and how it defers RMDs, with IRS sources.

How Roth 401(k) withdrawal rules work in 2026: qualified vs non-qualified distributions, the five-year clock, the age 59.5 test, the 10% penalty, pro-rata earnings, and the 2024 end of lifetime RMDs. Educational, IRS-sourced.