M-MTax
Level 12

Get your taxes done using TurboTax


@jc220 wrote:

....did I also misunderstand that the annual limit for gifting without taxes (this year it's $18,000) is per person gifted and not the total gifts by the donor? 


The annual exclusion for not being required to file a Form 709 is $18,000 per donee for 2024 and $19,000 per donee for 2025.