In the United States, it is possible for someone to give a gift up to how much money per year to another person without that money being taxed?

Question

Mathematics

Jensen Pham

19 March, 09:15

In the United States, it is possible for someone to give a gift up to how much money per year to another person without that money being taxed?

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Answers (2)

Know the Answer?

Malaki Buchanan · Answer 1

For years 2018 and 2019 the exclusion amount is $15000.

Step-by-step explanation:

In the United States, it is possible that you can give any individual a gift up to $15000 as per year 2018 and 2019, without having to file a gift tax return to report that gift.

Hence, for the years 2018 and 2019, the annual exclusion amount is $15,000.

Donaldson · Answer 2

I believe the correct answer is $10,000. I'm not positive, though.