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gift tax

American

noun

a tax imposed on the transfer of money or property from one living person to another by gift, payable by the donor.

gift tax British

noun

another name for (the former) capital transfer tax

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

In 2026, individuals can gift up to $19,000 per recipient before the gift tax applies.

From The Wall Street Journal • Apr. 14, 2026

This year, annual gift tax exclusion rules allow you to make a $19,000 gift to as many recipients as you want without triggering the gift tax or eating into your $15 million estate tax exemption.

From Barron's • Mar. 21, 2026

In 2025, you can give up to $19,000 per donor per beneficiary without triggering the gift tax, or $38,000 for married couples filing jointly.

From MarketWatch • Oct. 21, 2025

The lifetime federal estate and gift tax exemption for 2025 is $13.99 million per individual.

From MarketWatch • Oct. 13, 2025

Moreover, a tax on income, unlike a gift tax, is not necessarily unconstitutional, because retroactive.

From The Constitution of the United States of America: Analysis and Interpretation Annotations of Cases Decided by the Supreme Court of the United States to June 30, 1952 by Corwin, Edward Samuel

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023