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Gift tax exclusion increases to $15,000 in 2018

  • Writer: James D. Lynch
    James D. Lynch
  • Jan 11, 2018
  • 1 min read

The annual exclusion for gifts increases in 2018. An individual can give up to $15,000 per person per year without incurring a gift tax. This is up from $14,000 in 2017.


An individual who gives away more than $15,000 in a year to a single recipient is subject to the gift tax on the amount that exceeds $15,000.


The gift tax is owed by the giver of the gift, not the recipient. Recipients generally never owe income tax on gifts of any amount.

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