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Phrases with «annual exclusion»
The term
"annual exclusion"
refers to a specific amount of money that an individual can give to another person each year without it being subject to gift tax.
Full definition
annual
(parent phrase)
exclusion
(parent phrase)
annual exclusion
Related phrases
annual gift tax exclusion
annual exclusion amount
Sentences with «annual exclusion»
Annual exclusion amounts
for gifts is currently at $ 15,000 in 2018 and will be adjusted for inflation over time.
(
investopedia.com
)
The number of recipients isn't limited, and each year a new
annual exclusion applies
.
(
rocketlawyer.com
)
You and your spouse each have your
own annual exclusion
amount, even if you file joint federal income tax returns.
(
fairmark.com
)
(see all sentences)
See also
Definition of ANNUAL EXCLUSION
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