Monthly archive February, 2019

Annual Gift Tax Exclusion 2018

by hindsonmelton on Feb 16, 2019 • , ,
What is the maximum annual gift for 2018 under federal tax law?  For 2018, the annual gift tax exclusion is $15,000.  A husband and wife can give up to twice the annual $15,000 gift tax exclusion amount, or $30,000, to Read More

Estate Tax Update 2018

by hindsonmelton on Feb 16, 2019 • ,
Are you curious about estate tax in 2018?  For an individual who dies in 2018, the estate can be as large as $11,180,000 before federal estate tax will be due.  This dollar amount is called the basic exclusion amount.  What Read More

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