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 ...

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 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 ...

You Don't Have to Report Cash Gifts of up to $19,000 a Year Cash gifts can be subject to tax rates of up to 40%, depending on the size of the gift. The person making the gift is responsible for ...

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 ...