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.

If you give someone cash or property valued at more than the 2023 annual exclusion limit of $17,000 ($34,000 for married joint filers), you'll have to fill out Form 709 for gift tax purposes. But ...

Want to get on someone’s good side? Help them out financially? Or, perhaps, just make them really happy? Give ‘em a gift! (Cash is always nice.) But if you’re in a gift-giving mood, and you have a lot ...

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 ...

If you give someone cash or property valued at more than the 2023 annual exclusion limit of $17,000 ($34,000 for married joint filers), you'll have to fill out Form 709 for gift tax purposes. But ...

In the most recent segment of Ask the Hammer, Jeffery "the Buckinghammer" Levine answered this reader's question: "We are hearing a few conflicting answers when it comes to superfunding a 529 plan and ...

Beverly is a writer, editor, and paralegal specializing in personal finance and tax law. She covers personal financial and legal topics, as well as tax breaks, tax preparation software, and tax law ...

Tax filing season is right around the corner, and many VERIFY readers have been sending us tax-related questions before the April 15 deadline. VERIFY reader John wants to know if there is a limit on ...

This old adage may as well be attributed to a tax or estate attorney. Enter: the federal gift and estate tax exclusions. Under the Internal Revenue Code (the code), gifts made during lifetime are ...