Gifting
Learn how gifting strategies in estate planning can help reduce estate taxes and transfer wealth to loved ones while maximizing tax benefits and preserving y...
What is the annual gift tax exclusion and how does it work?
The annual gift tax exclusion allows individuals to give a certain amount each year to any number of recipients without triggering gift tax consequences. For 2024, this amount is $18,000 per recipient. This exclusion resets each year, enabling ongoing wealth transfer strategies while staying within tax-free limits.
