Gifts you make throughout your lifetime can be protected from taxation by exclusions of many millions of dollars if you ...

The gift tax is a federal tax set by the Internal Revenue Service (IRS). For tax year 2025, any gifts that exceed the lifetime gift tax exclusion limit of $13.99 million are subject to the gift ...

The gift tax is any taxes owed on the gifts you have given. As the giver, you would owe the tax to the IRS and have to fill out a tax form.

Gifts over $19,000 to an individual in 2025 must be reported to the IRS. Exceeding the $13.99M lifetime gift tax exclusion starts the taxable gifts count. Implement gift splitting or use trusts to ...

Understanding the gift tax and its limits is crucial when planning your financial gifts, whether for family, friends or others. The IRS sets specific guidelines each year for how much you can give ...

Understand the federal gift tax, including the annual exclusion and the lifetime exemption, as well as how to file a gift tax return and how to minimize your tax liability when giving gifts.

Capital gains tax rates might be lower than the gift and estate tax rate, but how you handle your estate can make a big difference in taxes owed. Kiplinger. Save up to 74%.

The primary goal of estate planning is transfer of assets – money or property – from a donor to a beneficiary. One aspect of the process that many people don’t ...

Gift taxes can be up to 40% if you plan on passing along a lot of money before you die. Here are a few ways to avoid gift ...