What Is the Step-Up in Basis? The step-up in basis is a tax provision that helps beneficiaries lock in the cost basis of assets at the time they inherit them from a benefactor. Many assets such as ...

The so-called “step-up in basis” rule is a crucial aspect of U.S. tax law that can significantly affect the taxation of inherited assets. This provision, which is codified within the Internal Revenue ...

Step Up summer camp helps to keep middle school students engaged academically over the summer. It focuses on STEM and reading activities through fun field trips, science experiments and other hands-on ...

KIRKLAND -- The third preseason game is traditionally a time for rookie free agents and lower-round draft choices to make one final push for a roster spot. Not tonight, when the Seahawks (0-2) play ...

Inheriting an asset grants a step-up in basis, setting cost basis to FMV at death, reducing capital gains tax. Controversy surrounds step-up in basis, as it significantly lowers taxes on inherited ...

A step-up in basis occurs when an appreciated asset is inherited from someone who has died, and the asset's cost basis is adjusted to fair market value as of the date of death. The cost basis of an ...

TAMPA, Fla. — For the first time this school year, the state offered the new Step Up for Students scholarships. One of them is specifically for families who choose to homeschool. It provides access to ...