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

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

    The federal government will collect estate tax if your estate has a value of more than the federal estate tax exemption. The exemption for 2023 is $12.92 million. At the same time, the exemption ...

  3. Gift tax in the United States - Wikipedia

    en.wikipedia.org/wiki/Gift_tax_in_the_United_States

    A gift tax, known originally as inheritance tax, is a tax imposed on the transfer of ownership of property during the giver's life. The United States Internal Revenue Service says that a gift is "Any transfer to an individual, either directly or indirectly, where full compensation (measured in money or money's worth) is not received in return."

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

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

    The annual gift tax exclusion means the gift amount does not count toward your lifetime gift tax exclusion limit — and is not subject to gift taxes. ... — meaning you can give $19,000 each in ...

  5. What Counts Toward the Gift Tax? - AOL

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    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 ...

  6. Gift tax - Wikipedia

    en.wikipedia.org/wiki/Gift_tax

    Transfers between spouses are exempt from gift tax in the US if the donee spouse is a U.S. citizen. Otherwise, there is a limit on the tax-exempt transfer. Gifts for use by the political organization to these organizations are excluded.

  7. Marital deduction - Wikipedia

    en.wikipedia.org/wiki/Marital_deduction

    The U.S. federal estate and gift tax marital deduction is only available if the surviving spouse is a U.S. citizen. For a surviving spouse who is not a U.S. citizen, a bequest through a Qualified Domestic Trust defers estate tax until the principal is distributed by the trustee, a U.S. citizen or corporation who also withholds the estate tax.

  8. I Want to Give My Daughter and Son-in-Law Some Money. Will I ...

    www.aol.com/want-money-daughter-son-law...

    Gift Tax Exemption. ... $18,000 to your daughter and $18,000 to her spouse – without having to pay taxes on the gifts. However, you can still give them more than the $18,000 exclusion limit. Any ...

  9. 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.

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