Lifetime estate and gift tax exemption
Photo by Kelly Sikkema on Unsplash
From the year 2020, the lifetime gift tax exemption is $11.58 Million.
One can give gifts up to $11.58 M over the course of one’s lifetime without having to pay taxes on it.
Married couple can give $11.58 M each making a total of $23.16 M before paying the tax.
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