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

After death, any remaining exclusion reduces your estate’s taxable value, with estates exceeding this exclusion facing a 40% tax rate. So, what qualifies as a gift? The IRS defines a gift as a ...

The Trump administration has committed to sweeping action on tax policy. Learn more about the top five tax policy changes ...

The lifetime gift tax exclusion is the value of gifts ... particularly if the recipient has a lower tax rate. When gifting stock, the recipient assumes your cost basis and holding period.

Republican lawmakers in Congress introduced the Death Tax Repeal Act, which aims to permanently eliminate the federal ...

Washington has one of the highest estate tax rates in the country, ranging from 10% to 20% on assets above $2.193 million.