2022 annual gift tax exclusion amount
Your gifts can total 30000 for the year if you want to give two people each the annual exclusion amount. The gift tax annual exclusion in 2022 will increase to 16000 per donee.
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The exclusion is per.
. You can give up to this amount in money or property to any individual per year without incurring a gift tax. The tax rate applicable to transfers above the exemption is currently 40. You can give 45000 to three people.
What is the gift tax annual exclusion amount for 2022. The gift tax annual exclusion allows taxpayers to make certain gifts without eroding the taxpayers lifetime exemption amount. The annual gift tax exclusion is 16000 for tax year 2022 up from 15000 from 2018 through 2021.
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