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Egte Tax Gift Exemption  Form

Egte Tax Gift Exemption Form

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how much can you gift per year welcome to Berry's bites please join our host attorney and financial adviser Chris Barry this year you can give $18,000 to as many people as you want gift tax free now they receive it you giving it there's no tax and you don't even have fill out a gift taxt form you don't even have to declare it and if you're married you could gift to two people so it's $36,000 but that said what if you wanted to gift a 100,000 would you owe any tax the answer is no because in addition to your annual gift tax exclusion amount you also have a lifetime and it's tied to the unified credit and what that means is that it is tied to your $26 million if you're married estate tax exemption so yeah if you're gifting $2,000 for birthday present not a big deal if you're gifting $50,000 still not a big deal but you just have to fill out a gift tax form and there's no taxes do now I'm not a

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