Annual Gift Exclusion
The amount a person can give each recipient per year without it counting against the gift-tax limit.
What Annual Gift Exclusion means in an estate
Federal law lets an individual give up to a set amount to each recipient every year with no gift-tax filing and no reduction of their lifetime estate and gift tax exemption. The exact figure is set by the IRS and adjusts over time, so always confirm the current year's amount. It is a common way families reduce a taxable estate while alive.
How this works in your state
The concept is national, but the forms, procedure names, thresholds, and filing practice vary by state. Open your state glossary and guides to see how annual gift exclusion is handled where the estate is being settled.
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Information current as of April 4, 2026
Settled Estate is not a law firm, and this content is for informational purposes only and does not constitute legal advice. Probate laws and procedures in your state can change. Consult with a qualified attorney for advice specific to your situation. Full disclaimer.