How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Lane Your Own Question
Category: Finance
Satisfied Customers: 12214
Experience:  Law Degree, specialization in Tax Law and Corporate Law, CFP and MBA, Providing Financial & Tax advice since 1986
Type Your Finance Question Here...
Lane is online now
A new question is answered every 9 seconds

We need to know what is the maximum amount allowed per individual

This answer was rated:

We need to know what is the maximum amount allowed per individual gifting?
Good Morning

As of yesterday, the amount that one can gift to another individual or entity is $14,000, without having to file a gift tax return.

Remember ... a person can gift as much as they want ... and even if they gift more than $14,000 to someone ... they still don't owe any tax.

They just have to file that gift tax form ...

...that lets the IRS track how much they gave, and it gets deducted from the estate tax exemption at death, which now stands a $1,000,000.

So, to re-cap:

(1) $14,000 to any one person without a gift tax return needing to be filed by the giver (The receiver doesn't pay gift taxes. The giver pays the taxes, when they finally become due)

(2) Over $14,000 the giver has to file the gift tax form ... but no taxes are due.

(3) The only way someone would have to pay gift taxes is if they gave over $1,000,000.

Hope this helps


Positive feedback (or an “accept”) is highly appreciated. That’s the only way we’re paid. BUT, if you need CLARIFICATION, COME BACK here. Also, feel free to bookmark this page to come back for reference.

Lane and other Finance Specialists are ready to help you

Thanks so much for the feedback!

To ask for me again, just say … “For NPVAdvisor” … at the beginning of your question


Go here:

and enter your question in the question box

…pleasure working with you!