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Gift tax limit explained: How much you can give without paying taxes
The gift tax limit affects how much can be given each year without tax consequences. See what counts as a gift and when reporting is required for taxes.
Most people give gifts all the time without even thinking about the potential tax ramifications. Yet technically, whenever you give something to someone, you have to follow the gift-tax rules.
Image source: asenal29, Wikimedia Commons. Most people give gifts all the time without even thinking about the potential tax ramifications. Yet technically, whenever you give something to someone, you ...
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