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Learn about tax implications in estate planning. Discover how trusts and strategic planning may help minimize tax burdens on your family's inheritance.
You can give up to $19,00026 USC § 2503(b); Rev. Proc. 2025-32Verified Feb 4, 2026 per person per year without triggering gift tax requirements or using your lifetime exemption. This means a married couple can give $19,00026 USC § 2503(b); Rev. Proc. 2025-32Verified Feb 4, 2026 each to the same person in one year. Gifts above this amount require filing a gift tax return, though you likely won't owe taxes until you exceed the lifetime exemption of $15,000,00026 USC 2001(c), 2010; P.L. 119-21 §70106Verified Jan 2, 2026. Strategic gifting can help reduce the size of your taxable estate over time.
