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Tax Free Gifts

By John L. Wong, Esq. |

Each donor may give $14,000 each year to each beneficiary, without any gift tax consequences. (Prior to 2002, this “annual exclusion” was $10,000, and from 2002 to 2005 it was $11,000, from 2006 to 2008 it was $12,000, and from 2009 to 2012 it was $13,000.) In addition, without gift tax, you can pay… Read More »

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