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 you can offer as a one ...

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 ...

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 ...

Gift tax rates range from 18% to 40% based on the size of the gift. However, not all gifts trigger this federal tax. In 2025, the IRS allows you to give away up to $19,000 ($38,000 for married ...

Editor’s note: This is part 10 of an ongoing series about using trusts and LLCs in estate planning, asset protection and tax planning. The effectiveness of these powerful tools — especially ...

However, the federal gift tax applies to assets that are given away within certain limits while the taxpayer is living. According to the IRS, the gift tax applies whether the donor meant the ...

This proposed clarification has estate and gift tax implications that Todd Angkatavanich (National Tax Principal, EY) and I will explore, not only for straight gifts of QOF interests to grantor ...

Is my daughter entitled to a tax loss if she sells the property? Bruce Bell: The unrealized loss existing at the time of the gift cannot be deducted by your daughter if she sells the stock or ...