A husband and wife,together,can make an annual gift to an individual donee of how much each year without incurring a potential estate tax on the gifts?

Question

Quizplus · Accepted Answer

The annual gift tax exclusion is currently $15,000 per individual donee. Because the question is asking about a husband and wife together, they are each able to make a gift of $15,000, for a total of $30,000 per year per individual donee, without incurring potential estate tax on the gifts. However, the question only provides answer choices up to $24,000, so C is the closest option.

A Husband and Wife,together,can Make an Annual Gift to an Individual