the.com/gift tax
the irs's polite way of saying nothing you give away is truly free, including your money.
means a federal tax on transfers of money or property made without getting equal value back, owed by the giver, not the receiver.
from congress created it in 1932 to close a loophole where the wealthy dodged the estate tax by simply giving fortunes away before dying.
annual exclusionyou can gift 18,000 dollars per person yearly, tax-free
who paysthe giver owes it, never the recipient
lifetime shieldexclusions stack into a 13-million-plus lifetime exemption
tuition loopholepaying someone's school or medical bills directly is exempt