annual exclusion gift

Definition of "annual exclusion gift"
  1. A present that doesn't attract federal gift tax as it falls within the set monetary limit allowed each year
How to use "annual exclusion gift" in a sentence
  1. She gave each of her five grandchildren an annual exclusion gift, taking advantage of the tax-free limit.
  2. His generosity exceeded the allowed annual exclusion gift, resulting in a taxable event.
  3. The couple gifted several annual exclusion gifts to their family members, wisely keeping under the tax radar.

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