As the year winds down, it’s time to think about your 2022 estate planning strategies for reducing taxes. One of the simplest ways to do this is to make use of your annual gift tax exclusion. For 2022, the amount of your annual gift tax exclusion is $16,000 for an individual and $32,000 for a married couple making a joint gift.
The post Annual Gift Tax Exclusion: Use It or Lose It appeared first on AmeriEstate Legal Plan, Inc..
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