annual exclusion

noun

an·nu·al exclusion

Legal Definition of annual exclusion

: the maximum amount that a person can give each year as a gift without having to pay a gift tax

Note: As of January 1, 2015, the annual exclusion is $14,000 per donee.

Comments on annual exclusion

What made you want to look up annual exclusion? Please tell us where you read or heard it (including the quote, if possible).

WORD OF THE DAY

misnomer

a wrong name or inappropriate designation

Test Your Vocabulary

Summer 2019 Words of the Day Quiz

Which is a synonym of desideratum?

Test your knowledge - and maybe learn something along the way.

TAKE THE QUIZ

Word Winder's CrossWinder

Test Your Knowledge - and learn some interesting things along the way.

TAKE THE QUIZ