Wedding Tips

Are Wedding Gifts Taxable? A Guide to Understanding the Rules and Avoiding Surprises

Are Wedding Gifts Taxable? A Guide to Understanding the Rules and Avoiding Surprises

When it comes to wedding gifts, most newlyweds and gift-givers alike are more focused on the sentiment behind the presents than on the tax implications. But if you've ever wondered, "Are wedding gifts taxable?" or "Could there be tax consequences for the giver or recipient?" you're not alone. In this guide, we'll break down everything you need to know about wedding gift taxation in the United States to ensure both newlyweds and their guests avoid any potential tax surprises.