• Can I Give My Kids $15,000 a Year?

• • Annual Gift Tax Exclusion
  • Care Planning
  • Clay County
  • Elder Law
  • Elderly
  • Estate Planning
  • Florida
  • Green Cove Springs
  • IRS
  • Jacksonville
  • Julington Creek
  • Life Care Planning
  • Long-Term Care
  • Medicaid
  • Medicaid Application
  • Medicaid Asset Transfer Rules
  • Medicaid Eligiblity
  • Medicaid Planning
  • North Florida
  • Orange Park
  • St. Augustine
  • St. Johns County
• 6 years ago
• If you have it to give, you certainly can, but there may be consequences should you apply for Medicaid long-term care coverage within five years after each gift. The $15,000 figure is the amount of the current gift tax exclusion (for 2018), meaning that any person who gives away $15,000 or le... [read more]

• You Can Give Away More Tax Free in 2018

• • Annual Gift Tax Exclusion
  • Clay County
  • Duval County
  • Elder Law
  • Estate Planning
  • Federal Gift Taxes
  • Gift Tax
  • Gifting
  • Green Cove Springs
  • Jacksonville
  • Medicaid
  • Medicaid Eligiblity
  • North Florida
  • Orange Park
  • St. Augustine
  • St. Johns County
  • Supplemental Security Income
• 6 years ago
• After staying the same for five years, the amount you can give away to any one individual in a particular year without reporting the gift will increase in 2018. The annual gift tax exclusion for 2018 is rising from $14,000 to $15,000. This means that any person who gives away $15,000 or less ... [read more]