A key federal estate, gift and generation-skipping transfer tax exemption included in the Tax Cuts and Jobs Act (“TCJA”) is ...

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

The federal estate and gift tax exemption changes from year to year. The current combined federal estate and gift tax exemption amount of $13.99 million per person ($27.98 million per married ...

This lifetime limit is known as the basic exclusion amount or lifetime exemption and it’s adjusted each year for inflation. The gift tax only applies when you exhaust your lifetime exemption.

The person giving the gift pays the tax. Gift Limits and Lifetime Exemptions The annual gift limit usually changes every year. For 2025, the limit is $19,000. That means you can give anyone up to ...

For trusts and estates professionals, the big question is what will happen to the estate tax exemption with President Donald ...

Now that President Trump is back, he made a lot of promises about tax law that he is expected to move forward in Congress.

Gifting is a heartfelt way to express love and affection towards our dear ones. In 1958 by Parliament of India, the gift tax ...