In 2024, the annual gift tax exclusion amount is $18,000. This simple gifting strategy offers enormous benefits for receivers ...

Estates of decedents who die during 2025 have a basic exclusion amount of $13,990,000, increased from $13,610,000 for estates of decedents who died in 2024. The annual exclusion for gifts increases to ...

(It is noted that the tax code does provide for an annual exclusion amount of $19,000, which is the amount of wealth one can transfer without having to use any of their gift tax exemption amount.) ...

The US Internal Revenue Service (IRS) has announced that the annual gift tax exclusion is increasing in 2025 due to inflation. The exclusion will be $19,000 per recipient for 2025—the highest ...

Other changes to the earned income tax credit, adoption credit and annual gift tax exclusion may also affect parents. New changes from the Internal Revenue Service may affect federal tax ...

Annual gift tax exclusion (IRC Section 2503): $19,000 (up from $18,000). • Top (37%) income tax bracket for estates and trusts: $15,650 (up from $15,200). • Zero percent tax bracket for ...

Just make sure your gifts are below the gift tax exclusion amount for that year. Among the best things about the annual exclusion is that it applies on a per-recipient basis, and it can be doubly ...

Estates of decedents who die during 2025 have a basic exclusion amount of $13,990,000, increased from $13,610,000 for estates of decedents who died in 2024. Annual Exclusion for Gifts increases to ...

What are some potential ways to leverage the exemption? One option is to take advantage of the annual gift exclusion. For 2024, the amount is $18,000 that can be given by one individual to another tax ...