Key changes in estate and gift tax exemptions and valuation rules for 2025 offer expanded benefits, though some are temporary: Estate and gift tax exemption: The lifetime exemption rises to $ ...

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 ...

Helping a child buy a home without triggering Gift Taxes can be a daunting task without some strategic planning.

But it’s an opportunity with a ticking time limit. At a glance, the Tax Cuts and Jobs Act temporarily doubled the unified gift and estate tax exemption from $5.6 million per individual to $11.18 ...

It is becoming increasingly commonplace for people to enter long-term romantic relationships without legally marrying. While there are no ...

The gift tax is a hybrid tax on gifts and other transfers. It partially overlaps with the estate tax, which is where the “hybrid” part comes in. The IRS defines a gift as “the transfer of ...

That’s because in addition to the $19,000 annual exclusion, there is a $13.99 million lifetime exclusion, per person, for gift and estate taxes as of 2025. “The excess amount goes against the ...

The author writes "This year, estate planning practitioners have significant opportunities for estate tax savings for our high-net-worth clients. Time is critical though, and there are some traps for ...

Wealth advisers raise alarms over potential changes to inheritance tax's seven-year rule, as Chancellor eyes tax hikes to ...

US citizens residing in Europe must consider the potential for estate and inheritance tax exposure by both the European ...

This means a husband and wife with proper planning could transfer $27.98 million estate, gift and GST tax free to their children and grandchildren in 2025. If no new tax law is passed this year ...