2024 gift tax rate: What it is, how it works and who has to pay it
The gift tax imposes a tax on large gifts, preventing large transfers of wealth without any tax implications.
4 min read
Oct 29, 2024
Sean Jackson
Contributing Writer
EXPERTISE
- Personal finance
Highlights
- Personal finance contributor at Bankrate
- Covers budgeting, saving money and other personal finance topics
Experience
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
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What is an ADU, and can building one increase your home value?
ADUs have spiked in popularity, but do they add home value?
5 min read Oct 07, 2024 -
Should you use your home to pay medical bills?
It can be a good solution — if you understand the risks of putting your house on the line.
7 min read Jun 03, 2024 -
How a HELOC can advance your business
It can be easier for an entrepreneur to get, but it means hocking the home for your enterprise.
9 min read May 28, 2024 -
‘We buy houses’ companies in New Jersey
Garden State homeowners have a variety of options to sell their home for cash.
5 min read Nov 18, 2023 -
Who pays closing costs in Oregon?
Whether you’re buying or selling an Oregon home, you’ll pay some form of closing costs.
4 min read Oct 20, 2023 -
What does it cost to build a fire pit?
It can be surprisingly affordable. Here’s what to know so you don’t get burned.
6 min read Sep 20, 2023 -
Sell your home fast in Atlanta
If a traditional Atlanta sale isn’t fast enough for you, iBuyers operate here as well.
5 min read Sep 18, 2023