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Get your taxes done using TurboTax
The maximum gift that can be gifted to another person without a gift tax to the giver is $15,000.
And the annual gift exclusion amount is $15,000 for 2018—up from $14,000 where it's been stuck since 2013. The federal estate and gift tax exemptions rise with inflation, and the Internal Revenue Service announced the new numbers here.
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Instructions for Form 709 -
Gift Tax Return (click to review)
June 4, 2019
6:41 PM