How the US Gift Tax Actually Works for Most Families

Lucas and Luna unpack the mechanics of the US gift tax: the annual exclusion (currently $18,000 per recipient in 2026), the lifetime exemption ($13.61 million), and the distinction between taxable gifts and gift-splitting. Using a concrete example of a grandparent helping with a grandchild's tuition and a down payment, they walk through when a gift tax return is actually required, how the unified credit works, and why most families never owe a dime. They also touch on the 2025 sunset provisions and what the current political landscape means for estate planning. No jargon, just the real rules that affect how wealth moves between generations. #GiftTax #EstatePlanning #TaxExclusion #LifetimeExemption #UnifiedCredit #WealthTransfer #IRS #AnnualExclusion #Form709 #GiftSplitting #StepUpInBasis #TaxPolicy #Economics #FexingoBusiness #BusinessPodcast #WealthManagement #FamilyFinance #TaxSeason Keep every episode free: buymeacoffee.com/fexingo