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 ...

The federal gift tax only applies to highly affluent people who give away millions of dollars in assets or property over the course of their lives. If you want to give a child $30,000 to help pay ...

Bob Carlson researches all facets of retirement finances. Gift tax returns could be the most misunderstood, neglected, and overlooked part of estate planning. There are many people who know estate ...

The gift tax is a federal tax that may be imposed when you give someone property or money, and they don’t give you something of equal value in return. The IRS sets limits on how much you can ...