How Much Can I Give Away Before Paying Gift Tax?

Because the gift tax "exemption" is now indexed for inflation, it keeps rising and changes almost every year.
For 2014 the gift tax exemption is $5.34 million.
It's scheduled to increase in future years.
$5.34 million is also the amount of the estate tax exemption for 2014.

- Mark S Gleason CPA
  www.lakes-cpa.com