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Home » Gift Tax » Free Report: What Are The Gift Tax Exclusions in Connecticut

Free Report: What Are The Gift Tax Exclusions in Connecticut

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What Are The Gift Tax Exclusions in Connecticut

There is a federal gift tax in place that is unified with the estate tax, but there are exclusions that can be used to give tax-free gifts. You can give up to $14,000 each calendar year to an unlimited number of people tax-free, and you can also pay for school tuition and medical expenses free of the gift tax.

Topics covered in this report include:

  1. Annual Per Person Exclusion
  2. Educational Exclusion
  3. Medical Gift Tax Exclusion
  4. Unified Lifetime Gift and Estate Tax Exclusion

Click here to read the whole article or download the PDF.

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