Tag: Gifttax

Posted on 01/29/2021
HOW CHANGES TO THE GIFT TAX EXCLUSION MAY IMPACT YOU
$15,000 Annual ExclusionThe federal government gives each of us an allowance to gift anybody $15,000 per year without incurring any gift tax. This $15,000/year replenishes every year, and it’s $15,000 per person. So, theoretically, I could gift every person that I know $15,000 today, and then another $15,000 next year and the year after, and there would be NO...
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