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  2. 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]

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

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

    Annual Gift Tax Exclusion for 2025. The annual gift tax exclusion allows you to give up to $19,000 (starting 2025) and avoid reporting the gift altogether. The annual gift tax exclusion means the ...

  4. Gift tax - Wikipedia

    en.wikipedia.org/wiki/Gift_tax

    In economics, a gift tax is the tax on money or property that one living person or corporate entity gives to another. [1] A gift tax is a type of transfer tax that is imposed when someone gives something of value to someone else. The transfer must be gratuitous or the receiving party must pay a lesser amount than the item's full value to be ...

  5. 2024 gift tax rate: What it is, how it works and who has to ...

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

    Instead, a gift is taxed only after you exceed your lifetime estate and gift exemption, which in 2024 is $13.61 million for individuals and $27.22 million for married couples.

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

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

    The federal gift tax applies ranges from 18% to 40% but only applies to people who give away $12.92 million (2023) or $13.61 million throughout their lifetime.

  7. Qualified personal residence trust - Wikipedia

    en.wikipedia.org/wiki/Qualified_personal...

    Residence trusts in the United States are used to transfer a grantor's residence out of the grantor's estate at a low gift tax value. Once the trust is funded with the grantor's residence, the residence and any future appreciation of the residence are excluded from the grantor's estate, if the grantor survives the term of the trust, as explained below.

  8. 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 ...

  9. Internal Revenue Code section 1031 - Wikipedia

    en.wikipedia.org/wiki/Internal_Revenue_Code...

    The same principle holds true for tax-deferred exchanges or real estate investments. As long as the money continues to be re-invested in other real estate, the capital gains taxes can be deferred. Unlike the aforementioned retirement accounts, rental income on real estate investments will continue to be taxed as net income is realized.