exclusion

The gift tax exclusion is the amount of money that you can give to someone else without having to pay gift tax. For 2023, the gift tax exclusion is $17,000 per person. This means that you can give up to $17,000 to as many people as you want without having to pay any gift tax. … Read more

The gift tax is a tax imposed on the transfer of property by one individual to another without receiving anything of value in return. The gift tax is designed to prevent individuals from avoiding estate taxes by transferring their assets to others before they die. The gift tax applies to all gifts over a certain … Read more