Irs Gift Rules 2025

Irs Gift Rules 2025. Generally, the transfer of any property or interest in property for less than adequate and full. Here's how the gift tax works, along with current rates and exemption amounts.

There are different rules and reporting requirements depending on whether cash is income or a gift, how much money changes hands and if you’re the giver or receiver. If you give someone money or property during your life, you may be subject to federal gift tax.