A business founder relying on a lifetime gifting strategy to minimize the taxes on the estate she is passing on to her son can give him a maximum gift of ________ in company stock each year,tax exempt.
A)$6,000
B)$12,000
C)$18,000
D)$24,000

Question

Quizplus · Accepted Answer

As of 2023, the annual gift tax exclusion allows an individual to give up to $17,000 per recipient per year without incurring gift tax. However, the options provided seem outdated, and the closest correct historical figure is $12,000, which was the exclusion limit in previous years.

A Business Founder Relying on a Lifetime Gifting Strategy to Minimize