The Federal gift tax exclusion permits you to make annual tax-free gifts of up to $10,000 to any number of people.
The checks you write to your life insurance trust to pay the premiums also count as a tax-free gift.
As for the exclusion, you can make tax-free gifts of up to $10,000 a year per recipient.
Most assets were sent into trust to finance a foundation that will make tax-free gifts for 24 years.
I structured a loan so a portion converts into a tax-free gift each year.
Is this to be called "health insurance" or a $97,000 tax-free gift?
The law now allows individuals to give tax-free gifts of up to $10,000 a year to as many people as they want.
The difference, Mr. Zeckendorf said, "is a tax-free gift from the government."
Gifts to Family Members Q. Can a tax-free gift of up to $10,000 be made to any family member or only to your children?
By paying the tax, the trust creator makes additional tax-free gifts.
