A gift tax return might inspire dread, but it’s simply a way for the IRS to track eligible gifts made in a year and over a lifetime. Most people will never pay gift taxes.

U.S. recipients from former U.S. citizens or long-term residents ("covered expatriates"). IRS finalized the regulations.

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 ...

Knowing the annual gift tax exclusion can save you money and spare you from filing gift tax returns. Here’s what you need to know about the federal gift tax and how much you can offer as a one ...

My brother and I want to do the right thing for our younger brother and give him an equal share from our inheritance. I know most states don’t have inheritance taxes, but since he won’t technically be ...

After a younger brother is left out of an aunt's will, his siblings want to share the money they inherited, but wonder if ...

The federal gift tax applies when you transfer money or property to someone else without receiving something of equal value in return. Gift tax rates range from 18% to 40% based on the size of the ...

For example, a parent gifts $19,000 to a child. This means no tax and no gift tax return, according to Rod Stern, partner, Murtaugh, Treglia, Stern & Deily LLP. Full disclosure: Rod Stern has done ...

That means if you make a gift larger than $19,000 to at least one person, the excess will be subtracted from your lifetime exclusion. Married couples who file their tax returns jointly may also ...

For example, married couples with multiple relatives can gift up to $266,000 in total without triggering a gift tax return. Start a 3-month Pro Farmer trial for just $1/mo - learn more.