The April 15 tax filing deadline is approaching, which also marks the due date for filing a gift tax return if you made ...

Most households don't have to worry about the gift tax. For 2025, you can give up to $19,000, per person, to as many people ...

Gift tax is a federal tax on the transfer of money or property to another person. Because of annual and lifetime limits, few people end up owing it. Many, or all, of the products featured on this ...

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.

This is known as the annual exclusion. For example, say you have three adult children and you give each of them $25,000 in 2024. You won’t have to pay taxes on this money, but the three gifts ...

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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 ...

This present interest must exist in order for the annual gift tax exclusion to apply. That's why it's so important that a Crummey letter be sent to beneficiaries to inform them of their power to ...

Inflation adjustments for 2024 offer fairly substantial increases to gift and estate tax exemption amounts, along with increases to annual exclusion gifts, which individuals and families should be ...

Most households don't have to worry about the gift tax. For 2025, you can give up to $19,000, per person, to as many people as you want without triggering any taxes. This is the annual exemption.

you’ll be taxed on the amount you give away above the annual exemption. As a result, the exact amount you can gift tax-free each year depends on how many people you are giving money to ...