What is gift tax?
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Start my free gift checkWhat is gift tax?
US federal gift tax concerns certain transfers where an individual gives property without receiving full value in exchange.
The facts determine reporting and tax treatment.
A useful first step is to record the donor, recipient, date, value and any payment or obligation attached to the transfer.
General information, not tax advice. Source: IRS.
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US federal gift tax concerns certain transfers where an individual gives property without receiving full value in exchange. The facts determine reporting and tax treatment. A useful first step is to record the donor, recipient, date, value and any payment or obligation attached to the transfer. If valuation, debt attached to the gift, or another complication is involved, a qualified tax professional can review it.
Sources (checked 2026-10-08)
Editorially approved by Raj Lahoti (owner approval via instruction, 2026-10-14) on October 15, 2026. Not professional tax review.
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AI reviewed
Two AI checks reviewed IRS-source accuracy and safety/scope on 2026-10-08. AI review is not professional advice. How review works