They Gave Each Grandchild $19,000 a Year for Twelve Years. Nearly $1.4 Million Left the Estate and the IRS Never Received a Single Gift-Tax Form.
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The IRS annual gift tax exclusion allows individuals to reduce a taxable estate through recurring gifts. It is called the annual gift tax exclusion, and in 2026 it lets you give each grandchild $19,000 in cash, stock, or a check without filing a single form, without touching your lifetime exemption, and without
The IRS annual gift tax exclusion allows individuals to reduce a taxable estate through recurring gifts. It is called the annual gift tax exclusion, and in 2026 it lets you give each grandchild $19,000 in cash, stock, or a check without filing a single form, without touching your lifetime exemption, and without
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