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How many annual exclusions are available?

April 26, 2017annual exclusions

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How many annual exclusions are available?

3 Answers

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The annual exclusion applies to gifts to each donee. In other words, if you give each of your children $11,000 in 2002, 2003 or 2004, the annual exclusion applies to each gift.

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The annual exclusion applies to gifts to each donee. In other words, if you give each of your children $11,000 in 2002, 2003, 2004 or 2005 and $12,000 in 2006 or 2007, the annual exclusion applies to each gift.

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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, and $13,000 on or after January 1, 2009, the annual exclusion applies to each gift.