Know the pros and cons. Gifting can help reduce the size of your taxable estate, but it can have other potential tax implications and may result in at least some loss of control over gifted …

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 …

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 …

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.

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 …

Jan 10, 2025 · Consider options that can make the most of your gift. What is a gift? At its most basic, a gift is defined as the transfer of ownership of a property without the expectation to …

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 22, 2025 · Understand the key guidelines and considerations for gifting money to family, including tax implications and documentation requirements. Transferring money to family …

Nov 15, 2021 · Whatever the occasion, gift giving is a social ritual that requires careful thought and consideration. So are there a set of rules to follow? We spoke to some experts to help us …