Because gifting is irrevocable, it’s important to ask yourself: How does gifting fit into my overall financial picture and financial health? Does it make sense to give up this money? Could it …

Find common questions and answers about gift taxes, including what is considered a gift, which gifts are taxable and which are not and who pays the gift tax.

Mar 12, 2025 · Knowing the annual gift tax exclusion can save you money and spare you from filing gift tax returns. Here’s what you need to know about the federal gift tax and how much …

Mar 28, 2025 · For those considering gifting money or property to another person, gift tax can come into play. See 2024 and 2025 exclusion amounts and rates.

Jan 1, 2025 · Learn ways to maximize your gifting and make it last a lifetime. For 2025, the Internal Revenue Service (IRS) allows individuals to make gifts of up to $19,000 per year to an …

Apr 4, 2025 · Proper gifting strategies can help you lower your gift and estate tax liabilities. Is There an Inheritance Tax on Gifts? No, the federal tax system treats inheritance tax separately …

Feb 6, 2025 · Giving generously while you’re alive can be more meaningful and impactful. This strategy offers several advantages: You can witness the effects of your generosity, maintain …

Jan 21, 2025 · Understand the key guidelines and considerations for gifting money to family, including tax implications and documentation requirements.

Jan 10, 2025 · At its most basic, a gift is defined as the transfer of ownership of a property without the expectation to receive something of equal value in return. Gifts are transferred during the …

Dec 30, 2024 · Gifting assets using the lifetime tax exemption is a smart way to reduce your taxable estate, help loved ones now, and leave a lasting legacy. By planning ahead and using …