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

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

   Annual Gift Tax Exclusion Has Increased Currently, you can give any number of people up to $17,000 each in a single year without taxation. For 2024, this will be increased to $18,000.

3. These parts of Trump’s tax cut law expire in 2026 - AOL

   www.aol.com/parts-trump-tax-cut-law-111335883.html

   The standard deduction will decrease starting in 2026 if current tax law stands after 2025. ... and gift tax exclusions from $5 million to $10 million. Without an extension, that exclusion ...

4. With Trump’s election, extending expiring tax cuts should be ...

   www.aol.com/finance/trump-election-extending...

   Donald Trump's 2017 individual tax cuts expire at end of 2025. ... The law also effectively doubles the estate tax exemption, ... The 22 best Hanukkah gifts of 2024. See all deals. In Other News.

5. Gift tax in the United States - Wikipedia

   en.wikipedia.org/wiki/Gift_tax_in_the_United_States

   Gifts above the annual exemption amount act to reduce the lifetime gift tax exclusion. [14] Congress initially passed the gift tax in 1932 at a much lower rate than the estate tax, a full 25% under the estate tax rate, while also providing a $50,000 exemption, separate from the $50,000 exemption under estate tax. [ 15 ]

6. 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 ...

7. Gift tax - Wikipedia

   en.wikipedia.org/wiki/Gift_tax

   There are exemptions from having to pay gift tax. For example, gifts up to a certain value per year per recipient are subject to the annual exclusion. [7] In the United States for example the amount is $15,000. Not eligible for the annual exclusion are the gifts that allow the recipient unrestrained access only at a later date or a future ...

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

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

   The IRS has already reported that the lifetime estate and gift tax exemption will increase to $13.61 million in 2024, or $25.84 million per married couple. ... The annual gift exclusion amount is ...

9. 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 is per recipient, not per donor, meaning you can gift $18,000 in 2024 to as many people as you want and you’ll still remain under the annual exclusion amount.