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Who Must File and Pay the Federal Gift Tax?

Individuals who make a gift to another individual or entity that exceeds a certain amount must file a gift tax return and pay the federal gift tax. The gift giver can choose to pay the federal gift ta...

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State Gift Taxes

For the most part, the gift taxes that are set by the federal government are the only gift taxes that apply to monetary gifts and estate gifts that are given. These gift and estate tax rates are invar...