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Gift Tax

Gift tax is a tax that is levied on the transfer of property or assets as a gift. Gift tax may be imposed on the value of the gift, and may be paid by the donor or the recipient, depending on the jurisdiction. Continue Reading Below

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Encyclopedia Articles

Discover the definition of financial terms related to gift tax.

Gift Tax Explained: Exclusions, Exemptions & Form 709 Thumbnail

Gift Tax Explained: Exclusions, Exemptions & Form 709

Andrew Latham

Grantor Retained Annuity Trust: Definition, How It Works, and Examples Thumbnail

Grantor Retained Annuity Trust: Definition, How It Works, and Examples

SuperMoney Team

Gift of Equity: A Path to Affordable Homeownership Thumbnail

Gift of Equity: A Path to Affordable Homeownership

Silas Bamigbola

Gifted Stock: Definition, Tax Insights, and Real-world Scenarios Thumbnail

Gifted Stock: Definition, Tax Insights, and Real-world Scenarios

Silas Bamigbola

Crummey Power: How It Transforms Gifts, Strategies, and Real-world Scenarios Thumbnail

Crummey Power: How It Transforms Gifts, Strategies, and Real-world Scenarios

SuperMoney Team

The Unlimited Marital Deduction: Navigating Tax-Free Asset Transfers Between Spouses Thumbnail

The Unlimited Marital Deduction: Navigating Tax-Free Asset Transfers Between Spouses

Abi Bus

Gift Tax Returns: Definition, Exemptions, and Real-Life Examples Thumbnail

Gift Tax Returns: Definition, Exemptions, and Real-Life Examples

Silas Bamigbola

Gift Splitting: What It Is and How to Maximize Its Benefits Thumbnail

Gift Splitting: What It Is and How to Maximize Its Benefits

Silas Bamigbola

Mastering the Applicable Federal Rate (AFR): A Comprehensive Guide to Personal Loans and Taxes Thumbnail

Mastering the Applicable Federal Rate (AFR): A Comprehensive Guide to Personal Loans and Taxes

Alessandra Nicole

Generational Wealth: The Power of Gifts in Trust Thumbnail

Generational Wealth: The Power of Gifts in Trust

Silas Bamigbola

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Learn About Gift Tax

Thumbnail for Blog Article: Letter 3456C: What Is It and How Should You Respond?

Letter 3456C: What Is It and How Should You Respond?

SuperMoney Team

Thumbnail for Blog Article: Letter 6122C: How to Handle the Notice and Gift Tax Issues

Letter 6122C: How to Handle the Notice and Gift Tax Issues

SuperMoney Team

About Gift Tax

Gift tax is a tax that is levied on the transfer of property or assets as a gift. Gift tax may be imposed on the value of the gift, and may be paid by the donor or the recipient, depending on the jurisdiction.