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 ...

If significant gifting to family or friends is important to ... gift tax and worried that you’ll be required to pay taxes on ...

Families are often able to build up a substantial net worth through owning property, like a farm, or a small business.

Editor’s note: This is part 10 of an ongoing series about using trusts and LLCs in estate planning, asset protection and tax planning. The effectiveness of these powerful tools — especially ...

Transferring assets within the family might seem like a straightforward ... wherein the person receiving the gift is not liable to pay taxes. “Gifts don’t trigger any tax liability for the ...

"If you give more than $15,000 per year, you will very likely not have to pay any taxes. The gift tax limit is currently $11.58 million," Toups says. "So let's say you give your adult child $ ...

then you could be subject to paying gift taxes during life. For most people, though, the annual exclusion makes it easy to avoid gift tax altogether. The Unlimited Marital Gift Exemption ...

The question is, will you owe gift taxes because of your generous gesture? Despite popular framing, the federal gift and estate taxes only apply to very wealthy households. Unless you have ...