Unless you have given away more than $13 million in your lifetime, a $75,000 gift will not trigger the federal gift ta ...

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Verdict: ChatGPT had written a sappy note to my wife and dreamt up two fake addresses for a fake toy store. The holidays are ...

Gift tax rates range from 18% to 40% of the taxable gift depending on the amount in question. The donor, not the recipient, pays this tax in their filings for the year in which they made the transfer.