The IRS clarifies gift tax rules for Trump Account contributions, creating a safe harbor for donors while foreign ...

It is very rare for an ordinary household to owe money on gifts. The gift tax has a somewhat complicated two-tier structure. Each year you can give up to an annual amount (the "annual exclusion") ...

Thinking about giving money or assets to family or friends? The IRS has strict gift tax limits that affect how much you can give without triggering taxes. This guide breaks down the annual and ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Jiwon Ma is a fact checker and research analyst with a background in cybersecurity, ...