The gift tax imposes a tax on large gifts, preventing large transfers of wealth without any tax implications.
- Personal finance
- Personal finance contributor at Bankrate
- Covers budgeting, saving money and other personal finance topics
Sean Jackson is a creative copywriter living in Florida. He’s written articles for Realtor.com, CNET and ZDNet. In his spare time, he enjoys hiking, improv, photography and failing miserably at dancing.
Sean's Latest Articles
4 min read Nov 02, 2021
Arizona has four income tax brackets for filers.2 min read Nov 01, 2021
This guide will walk you through how to fill out the form and other considerations.6 min read Sep 22, 2021
Some junior sports leagues mean thousands in annual costs. Here’s what to do.4 min read Jul 26, 2021
Understanding discretionary income can help you with your budgeting strategy.3 min read May 24, 2021
Our guide tackles the basics of disposable income and how you can use it to budget.2 min read May 13, 2021