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The Gift Tax Exclusions Increased for 2023 — Here's What You Should Know
Best Products via Yahoo News· 1 year agoHow Much Is the Gift Tax Limit for 2023?Getty Images Even if you're one of the most generous...
Do I Have to Worry About the Gift Tax If I Give My Son $75,000 Toward a Down Payment?
SmartAsset via Yahoo Finance· 4 months agoUnless you have given away more than $13 million in your lifetime, a $75,000 gift will not trigger...
What Is the Annual Exclusion for Gift Taxes?
SmartAsset via Yahoo Finance· 2 months agoIf you’re planning to give your children a financial head start or support a charitable cause that you’re passionate about, you will need to keep the...
Do I Need to Worry About the Gift Tax If I Pay $60,000 Toward My Daughter's Wedding?
SmartAsset via Yahoo Finance· 3 months agoFor many Americans, offering a $60,000 gift to pay for a child’s wedding probably isn’t something to...
I Want to Give Each of My Children $50,000. How Can I Avoid Taxes?
SmartAsset via Yahoo Finance· 5 months agoIn most instances, giving each of your children $50,000 won’t cause you to owe any taxes, but some...
How Much Money Can I Gift Without Owing Taxes?
SmartAsset via Yahoo Finance· 4 months agoFor 2023, the annual gift tax exemption is $17,000, up from $16,000 in 2022. This means you can give up to $17,000 to as many people as you want in 2023...
How to Legally Avoid The Gift Tax on Money
SmartAsset via Yahoo Finance· 2 years agoThe gift tax is a tax levied on any unilateral transfer (a gift) from one person to another. The federal tax is aimed partially at making sure wealthy...
How to Split Gifts on a Tax Return
SmartAsset via AOL· 3 months agoGift tax can apply when you give money or other assets to someone else. As the gift-giver, you're responsible for paying any tax due. The IRS allows you...
I Want to Give My Daughter and Her Husband $50,000 For a Down Payment. Do I Have to Worry About the...
SmartAsset via Yahoo Finance· 2 months agoImagine you have $50,000 to give to your daughter and her husband for a down payment on their new...
529 plan contribution limits for 2024: What college savers need to know
Bankrate via AOL· 4 months agoA 529 plan is a tax-advantaged way for parents to save for their children’s education expenses. The...
