As of 2018, a person may give any other person up to $15,000 per year in cash or other assets, and neither the giver nor the recipient of the gift has any tax liability for it.

Question

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As of 2018, the annual gift tax exclusion allows a person to give another person up to $15,000 per year without incurring any gift tax liability, and neither the giver nor the recipient owes taxes on that amount.

As of 2018, a Person May Give Any Other Person