The IRS allows individuals to give up to $18,000 in gifts per person in 2024 without having to report it or pay taxes on the amount. This means that a couple can give up to $36,000 to their child ...

These tax and IRS jokes are sure to tickle your funny bone and add a touch of humor to the numbers game.

In 2024, a parent is allowed to give their child up to $18,000 without having to report it to the IRS. There is an annual limit on how much money a parent is allowed to give their child as a gift ...

Barring an extension or new legislation, the lifetime estate and gift tax exemption is due to revert to the pre-2017 Tax Cuts and Jobs Act level of $5.49 million at midnight on Dec. 31, 2025.

Since Schlapfer was found to have adequately disclosed the gifts on his 2006 gift tax return, the period of limitation to assess the gift tax started when the return was filed in 2013. The IRS was ...

The IRS also increased the alternative minimum tax exemption amounts for tax year 2025. The exemption for unmarried individuals will increase to $88,100 ($68,650 for married individuals filing ...

In 2024, the annual limit to avoid the gift tax is $18,000, an increase from last year’s $17,000. Anything over this threshold must be reported to the IRS, though that doesn’t necessarily mean ...

In 2024, the annual limit to avoid the gift tax is $18,000, an increase from last year’s $17,000. Anything over this threshold must be reported to the IRS, though that doesn’t necessarily mean ...

Tax filing season is right around the corner, and many VERIFY readers have been sending us tax-related questions before the April 15 deadline. VERIFY reader John wants to know if there is a limit on ...