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 intends the transfer …

Dec 6, 2025 · Learn about the gift tax rules, limits, and how to report taxable gifts to the IRS. Understand the lifetime exclusion limit and annual reporting requirements with examples.

What is the gift tax? The gift tax is a federal tax on transfers of money or property to other people who are getting nothing or less than full value in return.

Jan 6, 2025 · The person making the gift is responsible for reporting the gift to the IRS and paying any tax due. But thanks to annual and lifetime exclusions, most people will never have to pay …

What is the gift tax? The gift tax, a federal tax ranging from 18% to 40%, applies to gifts individuals make throughout the year.

Dec 5, 2025 · The IRS has specific rules about the taxation of gifts. Here's how the gift tax works, along with current rates and exemption amounts.

Jun 13, 2025 · The gift tax imposes a tax on large presents of money or property. But few people owe gift taxes, thanks to the annual and lifetime exemptions.

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, …

Do you need to worry about paying taxes on your gift? Calculate your annual gift tax with TaxAct’s gift tax calculator.

Feb 28, 2025 · This article discusses the basics of a gift tax. Learn about gift tax exclusions & how much you can give away each year without paying taxes.