annual exclusion
noun
an·nu·al exclusion
: the maximum amount that a person can give each year as a gift without having to pay a gift tax
Note: As of January 1, 2015, the annual exclusion is $14,000 per donee.
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“Annual exclusion.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/annual%20exclusion. Accessed 22 Nov. 2024.
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