Google, Amazon, and Union Pacific.
And each parent can give each adult kid $17k each year without gift tax.
Unless your net worth is over 11 million dollars, there is no gift tax on any amount at this point
Are you sure about this? Are you talking an inheritance or just a gift?
Positive. Gift.
Do it ASAP as the Biteme administration will be changing the rules to butfugg the people soon
According to the IRS it’s $17,000 for 2023 to as many people as you want and same for your wife if filing jointly meaning you can give $34,000 to the same person, for example.
I’d like to know more about what you’re talking about and if there is an approved way to give unlimited without tax implications.
