How to Make the Most of the Annual Gift Tax Exclusion

Are you planning to gift cash or assets to family members this holiday season? The annual gift tax exclusion is $15,000 in 2021 and is increasing to $16,000 per recipient in 2022. Here's how annual gift-giving may result in major tax breaks for your family. But time may be limited. Today's favorable gift and estate tax rules are scheduled to change in 2026 — or possibly sooner depending on tax law developments.

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