Jim and sue have three children. what is the maximum amount they can give each year without having to pay a gift tax?

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Demarcus Schwartz

11 November, 04:32

Jim and sue have three children. what is the maximum amount they can give each year without having to pay a gift tax?

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Julian Gardner · Answer 1

78,000.00 This has to do with the IRS gifting rules. Jim and Sue are two people allowing them to have a better chance of giving more of a gift. This is done through a percentage of knowing that 5 million can be given as a gift without being taxed in a lifetime would be 20%.