gift tax exclusion

Gifting to Family Members Can Save Taxes

February 2, 2010

Each person is allowed to make gifts of up $13,000 per recipient per year free of federal gift and estate taxes. The gifts can be made to an unlimited amount of people. A man and wife can each give $13,000; making the limit $26,000 for a married couple.   Use of the gift tax exclusion [...]

  • Share/Bookmark
Read the full article →