The gift tax limit affects how much can be given each year without tax consequences. See what counts as a gift and when ...

If you have gifting to loved ones on your mind, here are some considerations related to taxes and logistics. Unless you’re ...

Perhaps your daughter recently got married and you want to help her and her husband start their new life. Or maybe they suddenly find themselves in need of financial assistance and turn to you for ...

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.

A:The amount that each person can give away during life or at death will increase from $13,990,000 to $15,000,000 as a result of the One Big Beautiful Bill Act, which was signed into law on July 4, ...

Every year, the Internal Revenue Service (IRS) and the New York Department of Taxation and Finance (the Department) update the monetary thresholds applicable to estate, gift and generation-skipping ...

WASHINGTON, DC - APRIL 07: A small sign indicates the headquarters of the Internal Revenue Service on April 07, 2023 in Washington, DC. In the area of gift taxes, one of the fundamental principles in ...