Cindy files a gift tax return for her 2025 gift reporting the $981,000 amount exceeding that year’s annual gift tax exclusion ($1,000,000 – $19,000 = $981,000).

The gift tax limit is the maximum you can give someone without having to file a gift tax return with the IRS. The limit is $19,000 in 2025 ($38,000 if married).

The US tax code allows you to share your wealth with loved ones but only up to a certain amount. Changes in 2018 increased the amount but not permanently.

The annual gift tax limit is per recipient; it isn’t the total amount a parent can give in a year. This means a parent can give $18,000 to one child and another $18,000 to another child without ...

This means that an individual can give up to $18,000 in 2024 to as many people as they wish without incurring a gift tax. ... up to $36,000 per year to their children tax-free in the United States.

The gift tax is a tax that is owed by a donor, or the giver of a gift, and the taxpayer, the donor, must report any gift over $17,000 in a calendar year per donee or $34,000 per year if they're ...

This article explores the legal and tax aspects of charitable pledges, emphasizing enforceability, donor commitments, and ...

The primary goal of estate planning is transfer of assets – money or property – from a donor to a beneficiary. One aspect of ...

The annual gift tax limit is per recipient; it isn’t the total amount a parent can give in a year. This means a parent can give $18,000 to one child and another $18,000 to another child without ...