gift splitting

Are You and Your Spouse Considering Splitting Gifts?

Are You and Your Spouse Considering Splitting Gifts?

The gift tax annual exclusion allows you to transfer up to $19,000 (for 2026) per beneficiary gift-tax-free, without tapping your $15 million (for 2026) lifetime gift and estate tax exemption. You can double the exclusion amount if you elect to split the gifts with your spouse. Gift-Splitting In A Nutshell

Esthefania Lopez2026-02-23T08:38:09-07:00February 23rd, 2026|

Know When You Need to File a Gift Tax Return

Know When You Need to File a Gift Tax Return

For 2020, the lifetime gift and estate tax exemption has reached a whopping $11.58 million ($23.16 million for married couples). As a result, few people will be subject to federal gift taxes. If your wealth is well within the exemption amount, does that mean there’s no need to file gift

Sonya Foster2021-04-12T14:54:34-06:00March 2nd, 2020|