Annual gift tax exclusion
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The annual exclusion for gifts increased $1,000, to $15,000, in 2018. Taxpayers can gift this amount each year tax-free and without reducing their lifetime estate and gift tax exclusion of $5.6 million.
The annual exclusion for gifts increased $1,000, to $15,000, in 2018. Taxpayers can gift this amount each year tax-free and without reducing their lifetime estate and gift tax exclusion of $5.6 million.
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