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Annual Exclusion

A separate $11,000 annual exclusion ($12,000 beginning in 2006) applies to each person to whom a gift is made. A person may give up to $11,000 each to any number of people each year and none of the gifts will be taxable. Married people can separately give up to $11,000 to the same person each year without making a taxable gift.

Inside Annual Exclusion