A common way to send money to someone is by transferring the funds to their bank account. However, this isn’t always an option. About 6% of Americans are “unbanked,” meaning neither they nor their ...
Most households don't have to worry about the gift tax. For 2025, you can give up to $19,000, per person, to as many people as you want without triggering any taxes. This is the annual exemption.
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