Most people won’t owe gift tax in 2025 or 2026. Learn the annual limits, lifetime exemption, when Form 709 is required, and how to give tax-free.

The IRS has increased the 2026 annual gift tax exclusion to $19,000 per recipient, or $38,000 for couples using gift splitting, alongside a lifetime estate and gift tax exemption of $13.99 million.

The One Big Beautiful Bill Act made significant changes in the tax benefits of charitable giving. The changes take effect in 2026 and should be considered in both long-term and short-term charitable ...

Every year, the Internal Revenue Service (IRS) and the New York Department of Taxation and Finance (the Department) update the monetary thresholds applicable to estate, gift and generation-skipping ...

Dear Liz: You wrote that people could contribute up to five times the annual gift tax exclusion to a 529 college savings plan without having to file a gift tax return. That is incorrect. People can ...

Following recent inflation adjustments, federal estate, gift, and generation-skipping transfer (GST) tax exemptions have soared to a record-high $15 million per person and $30 million per married ...