Gift taxes are levied on individuals that exceed the lifetime gift tax exclusion. All gifts above this exclusion amount are ...

For many Americans, offering a $60,000 gift to pay for a child’s wedding probably isn’t something to worry about from a tax perspective. You could owe federal gift taxes if your lifetime gifts are ...

For tax purposes, the gift amount is the item's "fair market value" at the time of the gift. To navigate federal gift tax, most people leverage exemptions. One is the annual gift tax exclusion ...

Down payment amounts above $19,000 and received as a gift must be reported on a gift tax return by the person making the gift—not the beneficiary. But that doesn't mean the donor will pay taxes. "The ...

but also a taxpayer’s lifetime gift exemption amount and generation-skipping transfer (“GST”) tax exemption amount. This means a husband and wife with proper planning could transfer $27.98 ...

However, gifts that exceed this annual exclusion aren’t necessarily taxed either. Instead, they reduce the amount of money or property you can give away tax-free over the course of your lifetime.

A key federal estate, gift and generation-skipping transfer tax exemption included in the Tax Cuts and Jobs Act (“TCJA”) is ...

The IRS has released new inflation-adjusted figures that can impact your estate and gift planning. These numbers seem like a ...

Opinions expressed by Forbes Contributors are their own. Darren Case is an Arizona attorney covering tax and estate planning. The holiday season is a time for generosity, especially when it comes ...

The author writes "This year, estate planning practitioners have significant opportunities for estate tax savings for our high-net-worth clients. Time is critical though, and there are some traps for ...