GIFTS THAT COUNT


The Annual Gift Tax Exclusion remains at $15,000. You can gift that amount to as many people as you wish with no federal gift tax consequences. If you and your spouse gift to the same individual, you can gift a total of $30,000. If you gift over that amount, there is no tax involved, but a Gift Tax Return will be needed.


Previous Tax Tips

Tax Tip of the Month

Tax Tip of the Month

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