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The Basics of Gift Tax in 2021. 00:00 - Gift Tax 2021 - Basic rundown of how it works. 00:25 - What is a gift? 01:14 - Who is subject to gift tax? 01:32 - How much can you give and avoid paying the gift tax? 02:07 - What if you give over $15,000 to one person? 04:03 - Exemptions from the Gift Tax 05:28 - How much is the gift or estate tax? 06:36 - Foreign Gifts --------------------------- 🤵Professional Tax Help: https://calendly.com/anthony-eataxres... -------------------------- Helpful Resources IRS Form 709: https://www.irs.gov/pub/irs-pdf/f709.pdf IRS Form 3520: https://www.irs.gov/pub/irs-pdf/f3520... IRS Gift Tax Explanation: https://www.irs.gov/businesses/small-... ---------------------------- Helpful Videos 🔴 A Stimulus Check for Parents - The Advance Child Tax Credit Payments • A Stimulus Check for Parents - The Advance... 🔴Opt Out of the Child Tax Credit: • Opt Out 2021 Advance Child Tax Credit Payment /// Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live). #GiftTax #2021 #EstateTax