How much money can be legally given to a family member as a gift in 2021?
How much money can be legally given to a family member as a gift in 2021?
$15,000 per The first tax-free giving method is the annual gift tax exclusion. In 2021, the exclusion limit is $15,000 per recipient, and it rises to $16,000 in 2022. You can give up to $15,000 worth of money and property to any individual during the year without any estate or gift tax consequences. Nov 13, 2021
