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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/finance/gift-tax-rates-pay-210701793...

   The gift tax is any taxes owed on the gifts you have given. ... you can give double the amount to each individual and still avoid reporting gifts each year. As of 2025, you can give up to $38,000 ...

4. What are the tax brackets for tax years 2024 and 2025? What ...

   www.aol.com/tax-brackets-tax-years-2024...

   The exemption amount for married couples filing jointly increased to $133,300 and begins to phase out at $1,218,700, up $6,800 and $62,400 compared with tax year 2023, the IRS said. The tax year ...

5. Gift tax in the United States - Wikipedia

   en.wikipedia.org/wiki/Gift_tax_in_the_United_States

   The gift tax is a backstop to the United States estate tax. Without the gift tax, large estates could be reduced by simply giving the money away before death, thus escaping any potential estate tax. Gifts above the annual exemption amount act to reduce the lifetime gift tax exclusion. [14]

6. How Much Money Can I Gift Without Owing Taxes? - AOL

   www.aol.com/much-money-gift-without-owing...

   This gift tax limit isn’t a cap on the total sum of all your gifts for the year. You can make individual $17,000 gifts to as many people as you want. ... Taxable Amount $200,000 Lifetime Gift ...

7. The 2025 tax brackets are here. How much will you owe? - AOL

   www.aol.com/finance/2025-tax-brackets-much-owe...

   However, the estate tax exclusion — the amount of your estate that’s shielded from federal taxes — will climb to $13.99 million in 2025, up from $13.61 million in 2024.

8. Taxes 2024: 3 Ways To Prepare Now So You Don’t Lose ... - AOL

   www.aol.com/finance/taxes-2024-3-ways-prepare...

   However, barring an extension or new legislation, the lifetime estate and gift tax exemption is due to be cut by approximately half (to around $7 million, by most accounts), adjusted for inflation ...

9. The IRS just announced big tax changes for 2025 - AOL

   www.aol.com/finance/irs-just-announced-big-tax...

   For 2025, the IRS has adjusted income tax brackets to accommodate rising wages. The 37% top tax rate applies to singles earning over $626,350 and married couples earning over $751,600 (an increase ...