Forbes contributors publish independent expert analyses and insights. Ashley L. Case, J.D., LL.M., writes about tax and estate planning. The intricacies of federal tax laws can be daunting, especially ...

Most people will not owe federal gift tax in 2026. The IRS allows generous annual and lifetime exemptions, which means gift ...

Following the enactment of the Tax Cuts and Jobs Act in 2017, the federal estate and gift tax exemption was increased from $5.49 million per person to $11.18 million, which allowed for a substantial ...

Estate and gift taxes are levied on transfers of property during lifetime and at death. The federal government and many state governments impose such taxes and adjust the amounts subject to tax ...

There may be a gift for federal gift tax purposes either at the time title is taken in joint names or at a later time when one of the joint owners reduces some or all of the property to his own ...

If a gift is made subject to the express or implied condition that the donee pay the gift tax, the donor may deduct the amount of tax from the gift in determining the value of the gift. In such a ...

The federal estate and gift tax exemption permits individuals to transfer a certain amount of property or assets to others during their lifetime or after their death without incurring federal estate ...

There are certain ideas that become so ingrained in the consumer public’s psyche, that they seem almost impossible to dislodge. One of these in the area of estate and financial planning is the notion ...

The sky did not fall after all. For all the handwringing and prognostication, wealthy families (and their advisors) breathed a sigh of relief with the passage of the One Big Beautiful Bill Act (OBBBA) ...

While we will not know the impact of the recent elections on federal tax legislation, we do know that the federal estate and gift tax exemptions are set to change in 2025, bringing new limits that ...