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?

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.

2025年3月12日 · 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 …

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

2025年1月1日 · 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 unlimited number of individuals, with no federal gift or estate tax consequences. A spouse can give the same amount—doubling the amount a couple can gift.

2025年2月6日 · 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 greater control,...

2024年12月5日 · Thinking about giving your grandchild a generous gift? You might wonder, “Is it taxable?” The answer depends on the value of the gift, how you give it and other factors. Here’s a rundown of what to know about gift taxes. What …

2024年9月28日 · Gift tax is not a concern with most financial gifts. There are no tax consequences as long as the total amount you gift any one person during a year adds up to …

2024年12月10日 · This article will explore how gifting works, the current landscape of gift tax rules under the Tax Cuts and Jobs Act (TCJA), and the impending changes after the TCJA’s …

2025年1月10日 · 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 …