GLOSSARY · TAX & ESTATE

Annual gift tax exclusion

The amount a person can give to each recipient every year without filing a gift tax return or using any of the lifetime estate tax exemption. It applies per recipient, so a giver can use it for any number of people, and a married couple can each give the amount. Tuition and medical bills paid directly to the provider are excluded on top of it.

Also called: annual exclusion, gift tax exclusion
COMPUTE IT WITH YOUR NUMBERS
Federal estate tax (2026 $15M) + non-resident $60k mode →Will my estate owe federal estate tax?
LEARN IT PROPERLY
CHAPTER · TAXES, MONEY BACK HOME AND REPORTING · STRATEGIESSending and Receiving Money and Gifts Across BordersCHAPTER · LEGACY & PHILANTHROPY PLANNING · STRATEGIESGifts, Estate Tax and Passing Wealth Across Generations
RELATED TERMS
Estate tax exemption
SOURCES
All terms →The Library →