Prior to 2024, the maximum amount that a person could gift without filing a gift tax return was $17,000 per person. If an individual transferred gifts worth more than $17,000 to one person in a year, then the person who…
Tag: gift tax
Changes for the Gift Tax and Estate Tax
Prior to 2023, the maximum amount that a person could gift without filing a gift tax return was $16,000 per person. If an individual transferred gifts worth more than $16,000 to one person in a year, then the person who…
Law Office of Donald B. Mark 