Unless you have given away more than $13 million in your lifetime, a $75,000 gift will not trigger the federal gift tax.

In today's Asking Eric column, R. Eric Thomas responds to a grandparent who is annoyed they can't give their grandson ...

Dear Eric: Over the years my husband and I have given our son and daughter-in-law many gifts such as kitchen appliances, furniture, a car and other expensive items. These gifts have always been ...

Dear Eric: I have a 1-year-old grandchild and am frustrated that I don’t have the freedom to give them whatever I choose. The ...

Some parents opt to get small gifts for the non-birthday siblings, while others see it as a teachable moment. But, what ...

Asking Eric advises a grandmother feeling unappreciated by her daughter-in-law, a friend struggling with feeling sidelined, ...

Gift tax rates range from 18% to 40% of the taxable gift depending on the amount in question. The donor, not the recipient, pays this tax in their filings for the year in which they made the transfer.

Q. Over the years my husband and I have given our son and daughter-in-law many gifts such as kitchen appliances, furniture, a car, and other expensive items. These gifts have always been presented to ...