Infographic: When are you required to file a gift tax return?
Contact us for help.
Infographic: Lowdown on charge card liability
- Make gifts to or for someone during the year that exceed the annual gift exclusion of $15,000 (for 2020 and 2021),
- Make gifts to a noncitizen spouse that exceed $157,000 in 2020 or $159,000 in 2021,
- Make gifts of future interests, even if they're less than the annual exclusion amount, or
- Split gifts with your spouse, regardless of amount.