What Is a Gift Tax Return and When Is It Due?
An individual preparing to file a federal tax return will want to think back on gifts given in the prior year. If a gift exceeds a certain threshold, the IRS wants it reported by Tax Day â but only extremely wealthy taxpayers will ever have to pay taxes on their lifetime of gifts. In 2022, […]
The post What Is a Gift Tax Return and When Is It Due? appeared first on SoFi.