The most important tax changes for 2018
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.