The gift tax limit affects how much can be given each year without tax consequences. See what counts as a gift and when reporting is required for taxes.

When you surpass the annual threshold, you must file IRS Form 709 with your tax return, declaring the size of the gift. But even that doesn’t mean you’ll be taxed on it. Instead, a gift is taxed only ...

Our gift tax calculator estimates how much of your annual and lifetime exclusions will be used up by your gift, and whether you'll have to pay any taxes on it. Many, or all, of the products featured ...