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Liz Weston: Few people will ever have to pay gift taxes, but they still must file a return
Liz Weston: Few people will ever have to pay gift taxes, but they still must file a return
Liz Weston: Few people will ever have to pay gift taxes, but they still must file a return

Published on: 01/18/2026

This news was posted by Oregon Today News

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Liz Weston, personal finance columnist

Dear Liz: You wrote that people could contribute up to five times the annual gift tax exclusion to a 529 college savings plan without having to file a gift tax return. That is incorrect. People can contribute that much without the gift reducing their lifetime gift and estate tax exemption amounts, but they must file annual gift tax returns to report the gift.

News Source : https://www.oregonlive.com/business/2026/01/liz-weston-few-people-will-ever-have-to-pay-gift-taxes-but-they-still-must-file-a-return.html

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