123k views
1 vote
An individual can give away up to $14,000 per year (2014) before paying an inheritance tax to the irs.

1 Answer

4 votes
The statement above is TRUE.
For payment of inheritance tax in USA, there is an annual exclusion, which allows you to give away up to $14,000 dollar in cash or asset each year. This allows you to give gifts to as many people as you want in as much as you did not exceed the $14,000 line.
User Mosceo
by
9.4k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories