How Does Gift Tax Exclusion Work?

April 7, 2022 • Estate Planning

In 2022, the annual exclusion for Federal Gift Taxes increased to $16,000 per person per year. Although there is near-universal acceptance of the importance of gifting, there are several issues you should consider before making any gifts.

Gifting Can Help Estate Plans and Heirs Reach Goals

September 17, 2020 • Estate Planning

Despite many attempts at repeal over the years, the modern U.S. Estate Tax has been in place since September 8, 1916. Each U.S. citizen and resident alien is entitled to a lifetime exemption from the federal Gift/Estate Tax called the Applicable Exclusion Amount.

Tag: Lifetime Gifts

How Does Gift Tax Exclusion Work?

Gifting Can Help Estate Plans and Heirs Reach Goals

Sort by Category

Categories

Recent Posts

Practice Areas

Welch Law, PLLC

Welch Law, PLLC Office Location