Page 19 - 2021 Taxes Quick Guide_01
P. 19

Estate and Gifts



















                                                                                                            Excess Loss
                       Per donee                                                                            limitation

                Annual gift tax exclusions:                                                                 repealed
                               $15,000!.
                                                                                                            Reach out to us for helping
                                                                                                              you choose available tax
                                                                                                               credits during tax filing!.








                                                    Gift/estate tax                                            Charitable
                                                        exclusion                                           Contributions

                                                      $11,700,000; estate of first                          Reach out to us for helping
              Annual exclusion                         spouse to die may pass                                  you choose available tax
                                                    unused portion of exclusion                                credits during tax filing!.
                  For transfers to noncitizen             to surviving spouse!.
                         spouse: $159,000!.
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