Most people give gifts all the time without even thinking about the potential tax ramifications. Yet technically, whenever you give something to someone, you have to follow the gift-tax rules.

Wondering if you’ll owe federal gift tax in 2025? You’re probably in the clear. Most people never pay the gift tax thanks to generous annual and lifetime ...

Thinking about giving money or assets to loved ones? Whether it’s a generous graduation gift, help with a down payment or part of your estate planning strategy, understanding how the gift tax limit ...

In the latest "Ask the Hammer" segment, Jeffery Levine addressed a reader's query about super funding a 529 plan and its implications on gift tax filing requirements. Levine elucidated the process of ...

Late on Friday, the IRS added gift and generation-skipping transfer (GST) tax returns to the list of federal taxes and tax returns that have had their April 15 deadlines postponed to July 15 due to ...

Due to the generous $11.58 million lifetime gift tax exemption for 2020, fewer people are subject to federal gift taxes and many are wondering if they still need to file a gift tax return. Well, if ...

Image source: asenal29, Wikimedia Commons. Most people give gifts all the time without even thinking about the potential tax ramifications. Yet technically, whenever you give something to someone, you ...