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2. IRS Increases Gift and Estate Tax Exempt Limits - AOL

   www.aol.com/finance/irs-increases-gift-estate...

   Barring an extension or new legislation, the lifetime estate and gift tax exemption is due to revert to the pre-2017 Tax Cuts and Jobs Act level of $5.49 million at midnight on Dec. 31, 2025.

3. What Are Gift Tax Rates and When Do You Have To Pay? - AOL

   www.aol.com/gift-tax-rates-pay-210701793.html

   The annual gift tax exclusion allows you to give up to $19,000 (starting 2025) and avoid reporting the gift altogether. The annual gift tax exclusion means the gift amount does not count toward ...

4. Tax breaks after 50 you might not know about - AOL

   www.aol.com/finance/tax-breaks-after-50-you...

   For the 2025 tax year, if you’re 50 or older, you can contribute an additional $7,500 to an eligible employee retirement account, for a total of $31,000 per year. ... The annual gift tax ...

5. Gift tax - Wikipedia

   en.wikipedia.org/wiki/Gift_tax

   In economics, a gift tax is the tax on money or property that one living person or corporate entity gives to another. [1] A gift tax is a type of transfer tax that is imposed when someone gives something of value to someone else. The transfer must be gratuitous or the receiving party must pay a lesser amount than the item's full value to be ...

6. Generation-skipping transfer tax - Wikipedia

   en.wikipedia.org/wiki/Generation-skipping...

   The exemption amount is increased annually by an inflation adjustment as is the estate/gift tax exemption. With the enactment of the Tax Cuts and Jobs Act of 2017, these exemptions were doubled through December 31, 2025. Thus, as of January 1, 2024, the GST exemption amount is $13.61 million per person (inclusive of the inflation adjustment ...

7. 4 Changes You Should Make to Your Spending Now That ... - AOL

   www.aol.com/4-changes-spending-now-trump...

   The estate and gift tax exemption will decrease to approximately $7 million per person, down from $13.61 million in 2024, if it isn’t renewed. ... 4 Low-Risk Ways To Build Your Savings in 2025.

8. New Tax Worry for the Rich: 4 Possible ‘Estate Tax’ Changes ...

   www.aol.com/tax-worry-rich-4-possible-180050221.html

   The TCJA introduced a federal lifetime estate and gift tax exemption of up to $13.61 million for single taxpayers in 2024 ($27.22 million for joint filers). ... New Tax Worry for the Rich: 4 ...

9. What Will Happen If Congress Doesn’t Extend the Expiring Tax ...

   www.aol.com/finance/happen-congress-doesn-t...

   As of tax year 2025, those amounts are now $14,600 and $29,200 respectively, thanks to the combination of TCJA changes and annual inflationary adjustments. ... Boosted Estate and Gift Tax ...