Additionally, the lifetime estate and gift tax exemption increases to $13.99 million per individual for 2025, up from $13.61 million in 2024. This allows a married couple to shield up to $27.98 ...

Gift tax is a federal tax on the transfer of money or property to another person. Because of annual and lifetime limits, few people end up owing it. Many, or all, of the products featured on this ...

the estate tax exemption will adjust yearly for inflation. Once more, most tax-free gifts made before the lifetime gift and estate tax exemption drops won’t trigger higher tax bills in 2026 and ...

Helping a child buy a home without triggering Gift Taxes can be a daunting task without some strategic planning.

It’s nobler to give than to take, the saying goes, and giving assets to loved ones while you’re still alive is a great way ...

This credit eliminates federal gift tax liability on the first taxable gifts made in one's lifetime, up to the $13,610,000 exemption amount in 2024. Upon a taxpayer making a gift that exceeds the ...

In 2024, the lifetime gift and estate tax exemption is $13.61 million for individuals, which means married couples have a combined exemption limit of $27.22 million.

The gift tax only applies when you exhaust your lifetime exemption. In 2025, a person can give away up to $13.99 million over the course of their lifetime without triggering the gift tax (this may ...

The federal estate and gift tax exemption changes from year to year. The current combined federal estate and gift tax exemption amount of ...

This exemption is a cumulative amount you can give away over your lifetime without incurring gift tax. This IRS provision is particularly useful if you wish to transfer substantial wealth.

The author writes "This year, estate planning practitioners have significant opportunities for estate tax savings for our ...