However, the new regulations, scheduled to take effect next January, will cut this exemption in half to $7,500. This move is ...

Understanding the gift tax and its limits is crucial when planning your financial gifts, whether for family, friends or others. The IRS sets specific guidelines each year for how much you can give ...

One is the annual gift tax exclusion, also known as the gift tax limit, a set dollar amount adjusted yearly for inflation. You can gift this amount annually to as many recipients as you desire ...

A.M., Richmond, Va. SPECIAL OFFER: 2012 Tax Savings Guide Technically, all of those gifts count toward the annual limit (which rises from $13,000 to $14,000 in 2013). But you don’t need to worry ...

There aren’t per-year contribution limits, but high contributions could have gift tax implications. You don’t have to use your state’s plan to save for college, but it is often the best choice.

Some states limit the amount of contributions you can deduct on your state tax return each year, so it can make more sense to spread them out. Contributions in excess of the annual gift tax ...

[See: 10 of the Best Stocks to Buy for 2019.] The amount of the gift can be added to the $10,000 maximum state and local tax deduction. So for example, a $20,000 gift would allow a $30,000 ...