Jul 15, 2025 · The gift tax is a tax on the transfer of property by one individual to another while receiving nothing, or less than full value, in return. The tax applies whether or not the donor …

Aug 7, 2025 · Filing it correctly can prevent unexpected tax bills and keeps your estate planning on track. In this post, you’ll learn the key details about gift tax rules, who must file, and how to …

Apr 14, 2025 · Form 709 is used to report gifts you give that exceed the annual gift tax exclusion, which is $18,000 per person for 2025. It doesn’t mean you automatically owe taxes—it’s more …

Oct 29, 2024 · For tax year 2025, any gifts that exceed the lifetime gift tax exclusion limit of $13.99 million are subject to the gift tax, and any gifts over $19,000 must be reported to the …

18 hours ago · Our gift tax calculator estimates how much of your annual and lifetime exclusions will be used up by your gift, and whether you'll have to pay any taxes on it.

Jan 14, 2025 · Explore the intricacies of gift tax returns, including what constitutes a gift, conditions for filing Form 709, and calculating the gift tax.

Feb 18, 2025 · An individual preparing to file a federal tax return will want to think back on gifts given in the prior year. If a gift exceeds a certain threshold, the IRS wants it reported by Tax …

Mar 20, 2025 · Gift Tax Filing Requirements Individuals who have gifted more than $19,000 to a person (other than a spouse) in 2025 must file Form 709 with the IRS. While most gifts below …

Jun 6, 2024 · Even if you file your taxes jointly, gift tax returns are individually filed. Spouses can elect to “split” gifts, meaning one spouse can report a gift and split the amount equally with …

Jun 5, 2025 · This article should serve as a guide to the gift tax, providing an understanding of the rules and exemptions associated with it. It's important to be aware of the gift tax’s implications, …