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IRS Raises Limit On Tax-Free Lifetime Gifts – Forbes

by Arthur Geffen | Nov 1, 2013 | Annual Exclusion, Gift Tax, Gifts

  As many estate planners anticipated, the Internal Revenue Service has raised the limit on tax-free transfers during life or at death. Starting in 2014 that amount, known as the basic exclusion, will go up to $5.34 million per person, from $5.25 million this...

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