Find common questions and answers about gift taxes, including what is considered a gift, which gifts are taxable and which are not and who pays the gift tax.

Jan 6, 2025 · 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 reporting the gift to the IRS and paying any …

Oct 29, 2024 · The gift tax is a federal tax set by the Internal Revenue Service (IRS). For tax year 2025, any gifts that exceed the lifetime gift tax exclusion limit of $13.99 million are subject to …

Oct 20, 2025 · Are you considering giving cash or property to loved ones or others this year? Knowing the annual gift tax exclusion can save you money and spare you from filing gift tax …

Oct 9, 2025 · 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 and 2026 ($38,000 if married).

4 days ago · Discover how gifts are taxed, how the gift tax exclusion works, and what you need to know before giving somebody a large gift. To prevent people from avoiding the federal estate …

We’ll answer these questions and dig into all the details about gift taxes. Generally, the answer to “Do I have to pay gift tax?” depends on whether you are the donor or the donee. The person …

May 20, 2025 · This guide walks you through what qualifies as a gift, how much you can give tax-free and how to make and report a gift properly. Giving a substantial gift, whether money, …

Jul 15, 2025 · Learn about the gift tax and how it applies to the transfer of any property.

Mar 20, 2025 · What is a Gift Tax? The gift tax is a federal tax imposed on the transfer of money or property to another person without receiving full payment or compensation in return. Cash, …