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2. What Are Gift Tax Rates and When Do You Have To Pay? - AOL

   www.aol.com/gift-tax-rates-pay-210701793.html

   The lifetime gift tax exemption amount is subject to change annually. ... Your parents can give you $100,000 but it is taxable as it exceeds the gift tax limit. If they each give you up to $17,000 ...

3. IRS Increases Gift and Estate Tax Exempt Limits - AOL

   www.aol.com/irs-increases-gift-estate-tax...

   In 2024, Americans will have more reasons to give, because the Internal Revenue Service (IRS) has upped the limits for gift and estate tax exemption amounts to their highest exclusion amounts ever.

4. How to Leverage Your Marriage to Avoid Paying Gift Tax

   www.aol.com/finance/leverage-marriage-avoid...

   The exclusion for 2021 is $15,000 per recipient in one year. This means you can gift someone up to $15,000 without paying tax on the gift. Anything above and beyond that amount will be subject to tax.

5. Gift tax in the United States - Wikipedia

   en.wikipedia.org/wiki/Gift_tax_in_the_United_States

   Gifts above the annual exemption amount act to reduce the lifetime gift tax exclusion. [14] Congress initially passed the gift tax in 1932 at a much lower rate than the estate tax, a full 25% under the estate tax rate, while also providing a $50,000 exemption, separate from the $50,000 exemption under estate tax. [ 15 ]

6. Estate tax in the United States - Wikipedia

   en.wikipedia.org/wiki/Estate_tax_in_the_United...

   In a marriage, a couple can pool their individual gift exemptions to make gifts worth up to $30,000 per (recipient) person per year without incurring any gift tax. Second, there is a lifetime credit on total gifts until a combined total of $5,250,000 (not covered by annual exclusions) has been given.

7. Uniform Gifts to Minors Act - Wikipedia

   en.wikipedia.org/wiki/Uniform_Gifts_to_Minors_Act

   The current rule is that for beneficiaries under 19 (under 24 if a student), the first $1,050 of unearned income is tax-free, the second $1,050 is taxed at the minor's rate (typically 12%), and the amount over $2,100 is taxed at the ordinary and capital gains rates applicable to trusts and estates. UGMA and UTMA accounts can invest in the stock ...

8. AOL Mail

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   You can find instant answers on our AOL Mail help page. Should you need additional assistance we have experts available around the clock at 800-730-2563.

9. If I Pay Off My Kid’s Student Loan Will That Trigger a Gift Tax?

   www.aol.com/pay-off-kid-student-loan-150008371.html

   Because $40,000 is over the $17,000 gift limit, you would owe taxes on $23,000 ($40,000 – $17,000). To simplify this, suppose you owe $2,500 in taxes on the $23,000 gift. Instead of paying this ...