Are you wondering how much you can give to your kids—or anyone else—before paying gift taxes? The answer might surprise you! In this video, I explain the difference between *annual exclusions and lifetime exemptions*, so you can give generously without worrying about the IRS.

For 2024, you can give up to $18,000 per person, per year, without needing to report it. In 2025, that amount increases to $19,000. If you're married and your child is married, that means you and your spouse could gift up to $72,000 in 2024—or $76,000 in 2025—to your child and their spouse without even filing a form!

If you exceed those annual exclusions, you’ll need to file Form 709 to track your lifetime exemption, which is $13.61 million per individual in 2024 and $13.99 million in 2025. For couples, that’s a combined $28 million before gift taxes kick in!

💡 Want to learn more about smart gifting strategies, tax planning, and how to avoid common retirement mistakes? Visit keilfp.com and see how we can help you maximize your legacy while minimizing taxes.

📌 Chapters:
0:00 How Much Can I Give Before Paying Taxes?
0:16 Annual Exclusion Explained
1:19 How Couples Can Maximize Gifting
2:14 Lifetime Exemption Details
3:37 Reporting Gifts Over the Exclusion Amount

📞 Have questions? Drop them in the comments or contact us directly. Don’t forget to like, subscribe, and share this video with friends and family planning their financial future!
#GiftTaxes #TaxPlanning #RetirementTips #FinancialPlanning #GenerationalWealth #KeilFinancialPartners
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Jeremy Keil, aka “Mr. Retirement” and Keil Financial Partners offer retirement planning services focused on retirement income and tax planning, Social Security and pension claiming decisions, health & life insurance analysis and estate planning strategies.
For important disclosures, see www.keilfp.com/important-disclosures

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