To lower taxes under a gifting program,each beneficiary can be given:
A)$14,000 per year,or $28,000 with spousal consent per year
B)$11,000 per year,or $22,000 with spousal consent per year
C)$110,000 per year,or $220,000 with spousal consent per year
D)$100,000 per year,or $200,000 with spousal consent per year
E)None of the above

Question

Quizplus · Accepted Answer

The annual gift tax exclusion for 2023 is $16,000 per person, or $32,000 if the donor is married and files a joint tax return.

To Lower Taxes Under a Gifting Program,each Beneficiary Can Be