It is very rare for an ordinary household to owe money on gifts. The gift tax has a somewhat complicated two-tier structure.

How much money can I give to my son and daughter-in-law without incurring a tax issue with the IRS? -Irwin For 2023, you can give your son and daughter-in-law each $17,000 without having to deal with ...

Managing corporate gifting—especially for startups on a bootstrapped budget—can sometimes feel like walking a tightrope; gestures that are too extravagant could blow your budget while a frugal ...

The Internal Revenue Service recently announced the 2025 cost of living adjustments for the estate and gift tax exclusion amounts. The Gift Tax Exclusion Amount is the amount an individual may gift to ...

The Internal Revenue Service recently announced the 2024 cost of living adjustments for the estate and gift tax exclusion amounts. The Gift Tax Exclusion Amount is the amount an individual may gift to ...