annual exclusion


an·​nu·​al 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.

Dictionary Entries Near annual exclusion

Cite this Entry

“Annual exclusion.” Legal Dictionary, Merriam-Webster, Accessed 23 May. 2024.

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