For many Americans, offering a $60,000 gift to pay for a child’s wedding probably isn’t something to worry about from a tax perspective. You could owe federal gift taxes if your lifetime gifts are ...

Down payment amounts above $19,000 and received as a gift must be reported on a gift tax return by the person making the gift—not the beneficiary. But that doesn't mean the donor will pay taxes. "The ...

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 ...

applying the maximum gift or estate tax rate, which is currently 40%. Recipients must file IRS Form 708 to report and pay the tax. When this form is made available by the IRS, it should further ...

You Don't Have to Report Cash Gifts of up to $19,000 a Year 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 ...

Gift tax rates are steep, starting at 18% and topping out at 40%. The person giving the gift pays the tax. Gift Limits and Lifetime Exemptions The annual gift limit usually changes every year.

The IRS has released new inflation-adjusted figures that can impact your estate and gift planning. These numbers seem like a lot to sift through, ...

The beginning of each year is a great time to start next year’s tax planning. One area to help reduce your tax obligation, that benefits from an early in ...