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 ...

The Annual Gift Exclusion: Gifting to Children and Others One of the most beneficial provisions in gift tax law is the annual gift exclusion. As of 2024, the IRS allows individuals to give up to $ ...

In 2025, the IRS allows you to give away up to $19,000 ($38,000 for married couples) per year to each individual without owing any taxes on the gift. This is called the annual exclusion.

Donald Trump’s tax policies have consistently focused on reducing or eliminating the estate tax, aligning with his broader ...

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.

Internal Revenue Service recently issued final regulations (final regs) imposing a tax on U.S. citizens, residents and ...

Gifts of property with a FMV below the annual gift tax exclusion amount are not subject to the federal gift tax. For 2024, the annual gift tax exclusion is $18,000. It rises to $19,000 in 2025 (it ...

By doubling the lifetime gift tax exemption (for estates) and increasing the annual exclusion (for recipients), many families were able to help their children with major purchases, like a new home ...

Tax Cuts and Jobs Act (TCJA) is set to end at the close of this year, resulting in a federal estate exclusion that is less than half of ...

Gifts made during one’s lifetime and the value of one’s estate at death are added together. If they are below the exemption amount of roughly $14 million in 2025, no estate tax is due. However, there ...

A key federal estate, gift and generation-skipping transfer tax exemption included in the Tax Cuts and Jobs Act (“TCJA”) is ...