The annual contribution limit is equal to the annual
gift tax exclusion amount under the Internal Revenue Code, currently $ 15,000, which is subject to change.
The annual contribution limit (from all sources) is equal to the annual
gift tax exclusion amount under the Internal Revenue Code, currently $ 15,000, which is subject to change.
The giver, however, will generally only file a gift tax return when the gift exceeds the annual
gift tax exclusion amount, which is $ 15,000 per person for 2018.
For 2018, the annual
gift tax exclusion amount is $ 15,000.
If you make a gift to your grandchild either directly, or to an investment account, that gift would be limited to the annual
gift tax exclusion amount or else it will start whittling down the lifetime exemption.