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Many thanks, that is super helpful. So, I assume it means we can transfer money whatever we want without any limit and there are no reporting and tax requirement, right ?

 

We tranfer money between each other is to support the life for each other. It says that If your spouse is not a U.S. citizen, tax-free gifts are limited to present interest gifts whose total value is below the annual exclusion amount, which is $164,000 (for 2022) and $175,000 (for 2023). So, I am not sure that supporting life money transfer belongs to the gift or not. That is why I gave myself 164k or 175k limit.

 

Thanks,

 

Helen