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Re: Elroy Jetson post# 107203

Tuesday, 08/29/2023 4:21:49 PM

Tuesday, August 29, 2023 4:21:49 PM

Post# of 111007
A married couple, (really any two people), can gift up to $68,000 a year to any other two people; quite often, a child and their spouse without any effect on the federal estate tax limit. Any amount over $68,000 annually, ($17,000 per person/per recipient), will decrease the estate tax limit by that amount. Of course gifts can be made on December 31st and January 1st to effectively double that amount.

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