The three $15,000 gifts all qualify for the annual exclusion and therefore have no gift tax consequences. The fourth exceeds $15,000, making $60,000 of the gift potentially taxable.

For those considering gifting money or property to another person, gift tax can come into play. See 2025 exclusion amounts and rates.

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

Sure, Jeter could avoid taxes by declining gifts, but that’s bad form. A better solution is to have gifts made to his non-profit Turn 2 Foundation, since that avoids the tax problem altogether.

Gift tax rates range from 18% to 40% based on the size of the gift. However, not all gifts trigger this federal tax. In 2025, the IRS allows you to give away up to $19,000 ($38,000 for married ...

Beginning in 2018, the estate- and gift-tax exemption—a combined amount that applies to an individual’s gifts made during life or assets left at death—is doubling under the new tax law to ...

Currently, individuals can gift up to $15,000 per person per year without incurring any gift tax. However, the new ...

In 2022, the annual gift tax exclusion was $16,000 per recipient. So if you gave your son $166,000 last year, for example, you must file a 2022 gift tax return reporting a $150,000 excess gift.