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  2. Gift tax in the United States - Wikipedia

    en.wikipedia.org/wiki/Gift_tax_in_the_United_States

    If a person is a non-resident alien for purposes of gift tax, taxation of gifts is determined differently. There is no gift tax if the property is not located in the U.S. There is no gift tax if it is intangible property, such as shares in U.S. corporations and interests in partnerships or LLCs. Non-resident alien donors are allowed the same ...

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

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

    If you have transferred money or property to someone and received no payment or compensation in return, this is considered a gift and is taxable if the value of the gift is over the gift tax limit ...

  4. 2024 gift tax rate: What it is, how it works and who has to ...

    www.aol.com/finance/2024-gift-tax-rate-works...

    The gift tax imposes a tax on large gifts, preventing large transfers of wealth without any tax implications. ... not an income tax. Ordinary monetary and property gifts are unlikely to be ...

  5. Are Gifts, Prize Winnings and Non-Cash Bonuses Taxable? - AOL

    www.aol.com/gifts-prize-winnings-non-cash...

    According to the IRS, the donor typically pays taxes on gifts, and annual exclusions apply up to $16,000 per person for tax-year 2022. So, if a person gifts each of their four children $10,000, no ...

  6. Gift tax - Wikipedia

    en.wikipedia.org/wiki/Gift_tax

    Gift tax rates differ depending on the area where the gift is registered and range from 3% to 7%. Botswana: 12.5% Chile: 25% Colombia: 10% Croatia: 4% Czech Republic: If the gift is taxable, the usual PIT rate applies. Denmark: 15% Dominican Republic: 27% Ecuador: 35% Equatorial Guinea: 5% Finland

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

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

    If a gift exceeds the annual limit ($17,000 this year, $18,000 in 2024), that does not automatically prompt a gift tax. The difference is simply taken from the person’s lifetime exemption limit ...

  8. Generation-skipping transfer tax - Wikipedia

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

    The U.S. generation-skipping transfer tax (a.k.a. "GST tax") imposes a tax on both outright gifts and transfers in trust to or for the benefit of unrelated persons who are more than 37.5 years younger than the donor or to related persons more than one generation younger than the donor, such as grandchildren. [1]

  9. What Counts Toward the Gift Tax? - AOL

    www.aol.com/finance/counts-toward-gift-tax...

    If you give someone cash or property valued at more than the 2023 annual exclusion limit of $17,000 ($34,000 for married joint filers), you'll have to fill out Form 709 for gift tax purposes. But ...