No real business or government agency will ever insist you pay them with a gift card. Anyone who demands to be paid with a gift card is a scammer. The gift tax is a federal tax on the transfer of money or property to another person when equal value is not received in return. Mother’s Day is a special holiday that shines a spotlight on the woman you know best as Mom. Showing thanks for all she’s done for you over the years can be difficult to translate into a tangible gift, but with Gifts.com, sentimental Mother’s Day gift ideas are only a click away. Our impressive catalog is home to a number of personalized Mother’s Day gifts.
But if you’re one of those fortunate people, calculating your gift tax liability isn’t overly difficult. To help you find the best gifts as soon as possible, we’ve rounded up 23 of our absolute favorite gifts for the men in your life. So whether it’s for your dad, husband, boyfriend, grandfather or any other guy, here are some gifts they’ll actually want this holiday season. As the industry leader, we provide insight on all the latest trends in the gift card market.
While it may sound cumbersome, most Americans will never pay a cent in gift taxes to Uncle Sam due to several key Internal Revenue Service rules. However, a financial advisor or tax professional can help you determine what your tax liability may be if you plan to give money or property to another person. Understanding the ins and outs of the federal gift tax can be important for the wealthy and generous, but most Americans will never face this tax. That’s because the IRS allows you to give away up to $15,000 in money or property to as many people as you like each year.
Perfect for last minute gifting and for people on the go, view our eGift card selection. Good Housekeeping participates in various affiliate marketing programs, which means we may get paid commissions on editorially chosen products purchased through our links to retailer sites. Discover new ideas & inspo for all your upcoming holiday gatherings. The product experts at Reviewed have all your shopping needs covered. Follow Reviewed on Facebook, Twitter, Instagram, TikTok or Flipboard for the latest deals, product reviews and more.
But remember, you don’t have to pay gift taxes until someone exceeds their lifetime exemption. The caller usually tells you which gift card to buy. They might say to put money on an eBay, Google Play, Target, or iTunes gift card.
