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 ...

A gift that size could require you to pay the federal gift tax, which can reach up to 40%. The good news is you may avoid paying gift taxes altogether, but there are reporting requirements and ...

So, when her rich aunt offered the couple a $250,000 gift to help pay off their mortgage, Maria refused. She believes there’s ...

Cash gifts and income are subject to IRS reporting rules. Gifts of up to $19,000 in cash are exempt from reporting in 2025. Those who have household employees must report cash payments that exceed ...

You can do so through a charitable gift annuity. This type of donation can provide you with regular payments and allow us to serve children in need around the world. You can also qualify for a variety ...

Raise, CardCash and GameFlip are reputable companies that help you sell U.S. gift cards for cash. Selling gift cards often involves marking down the price and paying a fee. Gift card exchanges ...

If you pay the venue, the caterer and so on to reach the $60,000 total, you won't have to report these as gifts or pay any taxes. Gift Planning Tips A financial advisor can help you come up with a ...

Gift tax is a federal tax on the transfer of money or property to another person. Because of annual and lifetime limits, few people end up owing it. Many, or all, of the products featured on this ...

you won’t have to pay any gift taxes. Here's how it works. An experienced financial advisor can help you navigate those rules, so you can continue to give gifts to the people you love without ...

Charitable gift annuities and charitable remainder trusts are gifts that pay you income for life while helping to protect America’s national parks for generations to come. A charitable gift annuity is ...