The gift tax limit affects how much can be given each year without tax consequences. See what counts as a gift and when ...

Mortgage experts explain the guidelines buyers must follow to get approved when using such funds to buy a home.

Gifting money can be a generous and thoughtful gesture, but without proper guidelines, it can lead to misunderstandings and family drama. Essential rules can ensure your monetary gifts are received ...

Gifting money within families has long been a way for people to empower loved ones – whether it's to ensure younger family members get a head start in life or to celebrate pivotal life moments like ...

If you have gifting to loved ones on your mind, here are some considerations related to taxes and logistics. Unless you’re ...

What Does the IRS Consider a Gift? Any transfer to an individual, either directly or indirectly, where full consideration (meaning money or money’s worth) is not received in return. The general rule ...

If you plan to use gifted money as the down payment on your first house, be prepared to provide some extra documentation. Many or all of the products on this page are from partners who compensate us ...

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. A lot of people have the mindset that there’s no such ...