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

Kallie Burgess

5 November, 15:56

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?

Alessandra Rocha · Answer 1

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

Erik · Answer 2

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.