What is the annual amount that a donor can give to a recipient each year and not have to file a gift tax return? If the donor gives more than this amount, is the donor required to pay a gift tax? Recommend a tax strategy, other than giving only the annual exclusion amount, to minimize the gift tax.© BrainMass Inc. brainmass.com June 4, 2020, 12:52 am ad1c9bdddf
For gifts on or after January 1, 2009, the annual exclusion is $13,000 (for each individual gift, can give many gift but must be to different people ...
A few sentences describe the gift tax and two ideas to get around it are given.