The April 15 tax filing deadline is approaching, which also marks the due date for filing a gift tax return if you made ...

Key changes in estate and gift tax exemptions and valuation rules for 2025 offer expanded benefits, though some are temporary: Estate and gift tax exemption: The lifetime exemption rises to $ ...

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 ...

You, as the gift giver, pay this tax. Due to the gift tax’s exemptions, it also generally applies only to the very wealthy. But if you need additional help navigating and planning for the gift ...

Even if no changes to the exemption level happen now, the current federal lifetime gift- and estate-tax exclusion, known as the unified credit, which is currently $12.06 million per person ...

With regard to the estate and gift tax, I tell clients that if their gift is greater than $18,000 to a single individual in a year, then they should be prepared to file a gift tax return that year ...