tax exclusion

The Elder Law Minute: Gift tax exclusion will increase to $14,000 in 2013
Business Ron Fatoullah 11/24/2012 at 12:43PM

By Ronald A. Fatoullah, Esq. and Debby Rosenfeld, Esq. The annual gift tax exclusion will increase from $13,000 to $14,000 effective January 1, 2013. In other words, an individual will be able to gift $14,000 per person (a couple may give $28,000) per recipient every calendar year without any gift tax ramifications whatsoever. Therefore, a [...]