How much money can Barry and Mary gift to their grandchildren in 2020 without any gift tax

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How much money can Barry and Mary gift to their grandchildren in 2020 without any gift tax liability?

Barry and Mary have accumulated over $3.5 million during their 50 years of marriage. They have three children and five grandchildren.

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Focus On Personal Finance

ISBN: 9781265521974

7th Edition

Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Melissa Hart

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Question Posted: Jun 02, 2022 09:07 AM

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How much money can Barry and Mary gift to their grandchildren in 2020 without any gift tax

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