Sentences with phrase «incurring federal gift tax»

For example, you are allowed to give each of your children up to $ 14,000 per year without incurring the Federal gift tax.

There is an accelerated gift option that allows you to average gifts over $ 14,000 per beneficiary ($ 28,000 for married couples) over a five year period without incurring federal gift tax.

Plus, you can do this without incurring the federal gift tax as long as your contribution is within the current exclusion limits, as noted in the section above, whether you make your gift annually or in a lump sum on a 5 - year accelerated schedule.

Any contributions that exceed $ 13,000 in a given year might incur a federal gift tax.

Keep in mind any contributions that exceed $ 13,000 in a given year might incur a federal gift tax.

There is no minimum annual contribution, and individuals can contribute as much as $ 14,000 a year (per beneficiary) and not incur federal gift taxes.

Not exact matches

Research federal laws regulating partnership transfers and gifts given to family members to determine the amount allowed under federal law before the gift recipient incurs liability for income or gift taxes.