Everything You Need to Know About Gifting Money (and Why 99% of People Will Never Owe Gift Tax)

Gift tax is one of the most misunderstood parts of the tax code. With an annual exclusion and a massive lifetime exemption, the vast majority of people will never owe a dime. Here’s what you actually need to know – including when you need to file Form 709 and smart ways to avoid it.

Trump Account Gift Tax Rules: What You Need to Know Before July

The Trump Account lets families contribute up to $5,000 per year to a child’s retirement account — but crossing certain thresholds could trigger gift tax reporting. Here’s what you need to know before the July 5 launch.