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

In 2017, the federal gift and estate tax exemption was $5.49 million 1. The Tax Cuts and Jobs Act of 2017 doubled the gift ...

Warning: This column contains numbers. With the 2024 election in the rearview mirror, we may soon get some certainty ...

Gift tax rates range from 18% to 40% based on the size of the gift. However, not all gifts trigger this federal tax. The IRS allows you to give away up to $17,000 ($34,000 for married couples) per ...

The shifting 2025 tax brackets include an increase to the standard deduction. For married couples filing jointly, the ...

The Internal Revenue Service recently announced the 2025 cost of living adjustments for the estate and gift tax exclusion ...

In certain instances when all available exemptions, exclusions, and thresholds have been met, these transfers are subject to a gift tax. Estate planning is the process of transferring wealth to ...

Using part of the Federal estate tax exemption and declaring the $300,000 as part of the exemption ($23 million as of 2024).

You Don't Have to Report Cash Gifts of up to $18,000 a Year Cash gifts can be subject to tax rates that range from 18% to 40%, depending on the size of the gift. The person making the gift is ...

In a move that wealthier taxpayers and their financial advisors will welcome, the Internal Revenue Service today announced inflation-adjusted increases to both the estate and gift tax exemptions ...