You may hear that there is a federal gift tax that is unified with the estate tax. This is true. There is a unified exclusion or credit. It could be said that this is the amount that can be transferred before taxes would kick in. In 2014, the amount of the annual gift tax exclusion in Hartford Connecticut is $5.34 million. However, to fully understand your ability to give gifts in a tax-free manner, you need to understand a different gift tax exclusion that sits apart from the unified … [Read more...] about What Is the Annual Gift Tax Exclusion in Hartford Connecticut?