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    Monday
    Jan142013

    2014 Annual Gifting Exclusion

    The annual gift tax exclusion amount for 2017 is $14,000 per person. This means that a person can gift up to $14,000 per year to anyone without using any of their lifetime gift tax exemption amount or paying any gift tax. A married couple can collectively gift up to $28,000 to any person in 2017. This is a simple and effective way to financially help your loved ones and to reduce the size of your estate.

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