IRS Announces Increased Gift and Estate Tax Exemption Amounts
https://www.morganlewis.com/pubs/2021/11/irs-announces-increased-gift-and-estate-tax-exemption-amounts
WEBNov 16, 2021 · Each year, the IRS sets the annual gift tax exclusion, which allows a taxpayer to give a certain amount (in 2022, $16,000) per recipient tax-free without using up any of his or her lifetime gift and estate tax exemption (in 2022, $12.06 million). For married couples, this means that they can give $32,000/year per recipient beginning …
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