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2018 Gift Tax Limit

As of 2017, the amount you can give as a gift without tax implications is $14,000. This means you can give a gift to another individual without having to file a gift tax return if the amount is not more than $14,000. If the gift is above $14,000 then the person giving the gift needs to file a gift tax return to report it.

Starting in 2018, the annual exclusion for gifts has increased to $15,000, up $1,000 from 2017.

Please consult your tax advisor on the above issue.

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