Question
George and Claire are married and have 4 children. If they elect gift splitting, what is the maximum amount of total gifts they can make
George and Claire are married and have 4 children. If they elect gift splitting, what is the maximum amount of total gifts they can make to their children (without using a 529 plan) in 2023 and have the gifts be covered by their annual exclusions?
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In 2023 the annual gift exclusion amount is 16000 per person ...
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Federal Taxation 2016 Comprehensive
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
29th Edition
134104374, 978-0134104379
