Are you considering giving cash or property to loved ones or others this year? Knowing the annual gift tax exclusion can save you money and spare you from filing gift tax returns. Here’s what ...

Unless you have given away more than $13 million in your lifetime, a $75,000 gift will not trigger the federal gift tax.

Annual gift tax exclusion: The exclusion rises to $19,000 per done in 2025. For example, married couples with multiple relatives can gift up to $266,000 in total without triggering a gift tax return.

For 2024, the current annual gift tax exclusion limit is $18,000. It’s set to increase to $19,000 for the 2025 calendar year. Note that these annual limits are per recipient per year so multiple ...

Tax season isn’t the most joyful time of year, but it’s certainly one of the most important. With the filing deadline ...

Start with Reviewing Your Financial Assets and Estate Plan Tax season is not just a time to fulfill obligations to the IRS; ...

as there is a lifetime gift/estate tax exemption limit. For 2025, that limit is $13.99 million. There's also an annual gift exclusion limit—the most you can give in 2025 without reporting it to ...

can I buy her lunch later in the month without exceeding the annual gift-tax exemption? Can I buy her a laptop for her birthday or a big-screen TV for Christmas?--A.M., Richmond, Va. SPECIAL OFFER ...

The annual gift tax exclusion for tax year 2025 will increase to $19,000. Talk with a tax professional or a trusted retirement advisor if you’re gifting more than the allowable amount or looking ...

Then, the remaining 90% of the partnership will make annual distributions to the trust ... unbiased content in our editorial policy. The Tax Adviser. “Using a Crummey Trust to Preserve Gift Tax ...