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Will I Owe Gift Taxes for Contributing $30,000 Toward My Child's Wedding?

Imagine your child is getting married and you want to help pay for their wedding. You’ve been saving for years and now have ...
AOL

Ask an Advisor: How Much Can I Gift My Son and Daughter-in-Law Without IRS Tax Issues?

How much money can I give to my son and daughter-in-law without incurring a tax issue with the IRS? For 2023, you can give your son and daughter-in-law each $17,000 without having to deal with the IRS ...
11Alive

Yes, there is a limit on how much tax-free money a parent can gift their child each year

Tax filing season is right around the corner, and many VERIFY readers have been sending us tax-related questions before the April 15 deadline. VERIFY reader John wants to know if there is a limit on ...
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Gift Tax: 2024 and 2025 Limits, Exclusions and How It Works

Wondering if you’ll owe federal gift tax in 2025? You’re probably in the clear. Most people never pay the gift tax thanks to generous annual and lifetime ...