As the holidays approach and 2019 winds down, remember that the 2019 and 2020 gift tax exclusion is $15,000.
So you can gift up to $15,000 to an unlimited number of beneficiaries and not be required to file a gift tax return.
A married couple can give $30,000 ($15,000 each) to a child or $60,000 to a child and the child’s spouse.
Happy Holidays INDEED!