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.

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 ...

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 ...

"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 $ ...

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 ...

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