A check mark. It indicates that the relevant ... This article was expert reviewed by Lisa Niser, EA, an enrolled agent and tax advisor. Gift tax may apply to gifts of cash or other property.

Imagine your child is getting married and you want to help pay for their wedding. You’ve been saving for years and now have ...

A check mark. It indicates that the relevant content ... You can use IRS Free File or IRS Direct File if you qualify. Online tax-prep companies offer free and paid options for a range of financial ...

which you plan to hand over in the form of a check. However, before you pass along that much cash, it’s important to understand the potential tax implications of making a $30,000 gift.