A key rule is that the giver is responsible for any tax, not the recipient. But most people never owe any gift tax because of two protections: the annual gift tax exclusion and the lifetime estate and ...

The new year 2026 or straightforward concept. number 2026 written on the road in forest. planning and challenge, business ...

Big generosity does not always trigger a big tax bill. Under federal rules, several categories of large gifts are completely excluded from gift tax, letting families move significant wealth without ...

The One Big Beautiful Bill Act (OBBBA) updates estate, gift and charitable rules, raises exemptions and adjusts SALT deductions.

The 2025 tax landscape has changed due to the GOP tax and spending law, referred to by some as the “big, beautiful bill,” signed by President Trump on July 4, 2025. This multibillion-dollar ...