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, ...

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 ...

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.

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 an item that will not be on the radar of most taxpayers, but in special circumstances, it could impact your taxes. However, the good news is that while large gifts may require you ...

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 tax calculator. You can estimate your gift taxes owed for 2019 with TaxAct’s gift tax calculator. Step 1: Select your tax year. Step 2: Select your filing status.

The gift tax is a federal levy on the transfer of money or property to another person when equal value is not received in return. While it may sound cumbersome, most Americans will never pay a ...

For both 2020 and 2021, the annual gift-tax exclusion is $15,000 per donor, per recipient. A giver can give anyone else—such as a relative, friend or even a stranger—up to $15,000 in assets a ...