Register
this is the amount that can be given as a gift each year without the transaction being subject to the federal gift tax law.
142k views
0 votes
this is the amount that can be given as a gift each year without the transaction being subject to the federal gift tax law.

User Enowneb
by
4.0k points

1 Answer

2 votes

Answer:

The annual gift tax exclusion limit for 2020 is $15,000 per person.

User Hoomi
by
4.4k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

4.6m questions

5.9m answers

Other Questions

Which of the following should be considered last when searching for financing? Family members Banks Commercial finance companies Credit cards I'm guessing it's C but idk
Explain the similarities and differences between how both producers and consumer use money
When goods are produced at the lowest possible cost, an economy is said to have achieved:?
What is the Total Cost of a stock purchase if the stock price is $12, shares purchased 100, with a 2% Broker's Fee? (Stock Price x Shares Purchased = Stock Cost; Stock Cost x Broker's Fee = Broker's Fee;
Which quality ensures that you are in a better position to represent yourself? A. self-confidence B. self-management C. punctuality D. mutual respect E. avoidance of conflict
Link Copied!