Cash gifts and income are subject to IRS reporting rules. Gifts of up to $19,000 in cash are exempt from reporting in 2025. Those who have household employees must report cash payments that exceed ...

Most people give gifts all the time without even thinking about the potential tax ramifications. Yet technically, whenever you give something to someone, you have to follow the gift-tax rules.

Text Callout : Key Takeaways - 7 Tax Rules to Know if You Give or Receive Cash Whether you receive cash tips as part of your job in the gig economy or are giving a cash gift to a relative, you need to ...