Discover how the annual exclusion lets you gift money or assets tax-free, understand its impact on gift taxes, and learn about special cases.

The federal gift and estate tax exclusions and the generation-skipping transfer (GST) tax exemption increased significantly under the Tax Cuts and Jobs Act of 2017 (TCJA). Recent inflation adjustments ...

Most taxpayers, from individuals to married couples, are unfamiliar with the concept of the gift tax. The government assesses this tax on certain transfers of money or other assets from one person to ...

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Q: I heard California’s solar property tax exclusion is set to expire. Does that mean I’m going to see an increase in my property taxes if I add a solar energy system to my home? A: Since 1980, ...