Tax Implications of $30,000 Gift

This is a news story, published by Yahoo Finance, that relates primarily to IRS news.

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Gift tax rates

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Is a $30K Wedding Gift to Your Child Taxable? What to Know

Summary

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77% Informative

In 2025 , the IRS allows you to give away up to $19,000 ($ 38,000 for married couples) per year to each individual without owing any taxes on the gift.

A gift that size could require you to pay the federal gift tax, which can reach up to 40% .

There are a number of ways you can legally avoid paying the gift tax.

Consult a financial advisor to minimize your gift tax obligations.

Most people can avoid having to pay federal gift tax when contributing $ 30,000 to a child’s wedding.

Starting in 2016 , that generous cap will revert to pre-2018 levels (adjusted for inflation) Keep an emergency fund on hand in case you run into unexpected expenses.

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English

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