Posts Tagged ‘Gift Tax’

2009 Gift Tax Exclusion

2009 Gift Tax Exclusion  Effective January 1, 2009, each individual can gift up to $13,000 tax free to any other individual, an increase from the previous $12,000 Gift Tax Exclusion. This increase means that more wealth (including LLC interests and closely held stock) can be transferred for estate tax planning purposes. For example, a married couple…

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