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re: Best Approach to Accepting Large Cash Gift? What should I do with it?
Posted on 2/8/16 at 1:43 pm to Green Grass Miracle
Posted on 2/8/16 at 1:43 pm to Green Grass Miracle
quote:
How many annual exclusions are available?
The annual exclusion applies to gifts to each donee. In other words, if you give each of your children $11,000 in 2002-2005, $12,000 in 2006-2008, $13,000 in 2009-2012 and $14,000 on or after January 1, 2013, the annual exclusion applies to each gift. The annual exclusion for 2014, 2015, and 2016 is $14,000.
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