For tax year 2025, any gifts that exceed the lifetime gift tax exclusion limit of $13.99 million are subject to the gift tax, and any gifts over $19,000 must be reported to the IRS via Form 709.

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, ...

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

The 2024 estate tax exemption is $13.61 million per taxpayer (rising to $13.99 million in 2025), so no gift tax is owed until ...

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

For example, if you gift $20,000 to one person in 2025, $1,000 counts against your lifetime exclusion, while the remaining $19,000 is excluded from your estate.