Linda is a wealthy widow who has been very generous to her family. Linda has 16 grandchildren.

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Linda is a wealthy widow who has been very generous to her family. Linda has 16 grandchildren. How much money in total can she gift to her grandchildren this year gift tax and GST tax free, without having to apply any GST exemption to the transfer?

Posted Date: May 13, 2024 05:31 AM

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Linda is a wealthy widow who has been very generous to her family. Linda has 16 grandchildren.

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As of 2021 the annual gift tax exclusion amount is 15000 per recipi... View the full answer

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