What Is Annual Gift Tax Inclusion? - PowerPoint PPT Presentation

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What Is Annual Gift Tax Inclusion?

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Learn how you can optimize the value of your annual gift tax exclusion in San Jose, California and mitigate your estate tax exposure. – PowerPoint PPT presentation

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Title: What Is Annual Gift Tax Inclusion?


1
WHAT IS THE ANNUAL GIFT TAX EXCLUSION?
2
TRANSFER TAXES
3
When you transfer assets to others, federal
transfer taxes may be applicable
4
ESTATE TAX GIFT TAX
5
There is an estate tax that can be applied when
you are leaving inheritances to your loved ones
after you die
6
There is also a gift tax that can be levied on
gifts that you give while you are living
7
ANNUAL GIFT TAX EXCLUSION
8
There is an annual gift tax exclusion
9
If the gifts that you give do not exceed the
amount of this exclusion, they are not subject to
the gift tax
10
AMOUNT OF EXCLUSION
11
In 2014, the amount of the annual gift tax
exclusion is 14,000
12
You can give as much as 14,000 per person
tax-free to any number of gift recipients within
a calendar year
13
EDUCATIONAL MEDICAL GIFTS
14
In addition to the 14,000 per person annual gift
tax exclusion, there is also AN EDUCATIONAL
EXCLUSION
15
This allows you to pay school tuition for
students free of the gift tax
16
You can also pay medical bills for others
without incurring any gift tax liability
17
UNLIMITED MARITAL DEDUCTION
18
There is an unlimited marital gift and estate
tax deduction
19
Because of this, you can give unlimited gifts to
your spouse at any time free of the gift tax
20
TAX EFFICIENCY CONSULTATION
21
This has been a brief look at the ANNUAL GIFT
TAX EXCLUSION
22
To learn about federal transfer taxes in-depth,
contact our firm to schedule a free consultation
23
Click to visit www.attorneyoffice.com
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