Tax Implications of $30,000 Gift

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

personal finance & financial education news

For more personal finance & financial education news, you can click here:

more personal finance & financial education news

Yahoo Finance news

For more news from Yahoo Finance, you can click here:

more news from Yahoo Finance

About the Otherweb

Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like personal finance & financial education news, you might also like this article about

gift taxes

. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest gift tax news, federal gift tax news, personal finance & financial education news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!

Gift tax rates

SmartAsset

•

Business

Business & Economics

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

Summary

Nutrition label

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.

VR Score

Informative language

Neutral language

Article tone

informal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful