Richmond kentucky lawyer Madison county ky lawyer elder law lawyer elder Law Guidance richmond ky lawyer free legal consultation elder law legal advice

You Can Give Away More Tax Free in 2018

After staying the same for five years, the amount you can give away to any one individual in a particular year without reporting the gift will increase in 2018.The annual gift tax exclusion for 2018 is rising from $14,000 to $15,000. This means that any person who gives away $15,000 or less to any one individual (anyone…