Is Gifting a Taxable Event? Taxpayers often wonder whether gifts of cash, assets or property are taxable. The short answer is that generally they are not: The IRS allows individuals to give away assets or property each year tax...
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It is somewhat unusual to highlight 2026 taxes in 2024, but we are in an unusual situation: Many of the provisions in 2017’s Tax Cuts and Jobs Act will expire at the end of 2025 unless Congress acts to...