A: The amount that you can gift-give is $18,000 annually to any person without triggering a gift tax. If you are married and your spouse is in agreement, you can double the annual gift to $36,000.

The annual gift tax exclusion rises to $19,000 per recipient, up $1,000 from last year's limit. (These are the numbers you'll refer to when planning your 2025 tax liability, ...

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 ...

As of early September, it appears the proposed transfer tax might not happen, but major changes to the gift tax could occur. Let’s key in on the annual exclusion. In 2021 you can give away $11.7 ...

Charitable Gifts: Gift tax charitable deductions are unlimited so long as the recipient is a federal, state, or local government for public use, a 501(c)(3) ...

The gift tax is a tax on the transfer of property to someone else while receiving nothing (or less than full value) in return. The gift tax is typically paid by the person gifting, not the person ...

Learn tax-efficient gifting strategies, including definitions and tips for various cases. Find the basics of gift taxes and estate planning considerations.

The gift tax return is only used by those who have given over $16,000 in 2022 ($17,000 in 2023). As the regulations applied to gift taxes are very complicated, ...

The primary goal of estate planning is transfer of assets – money or property – from a donor to a beneficiary. One aspect of ...

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%.

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 taxes and increase how much you can give over you lifetime: 1.

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.