Ask Terry Questions Money gift giving

Money gift giving

By Terry Savage on February 08, 2022 | Wild Card

Can you money gift to other non family people? If so is there a limited number you can gift? Thank you.

Terry Says

You are allowed to gift up to $16,000 to any person — or any number of people — in one year — with NO TAX CONSEQUENCES, either to the giver or the recipient.

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