The Southeastern Conference (SEC) is an American college athletic conference whose member institutions are located primarily in the Southern part of the United States. Its fourteen members include the flagship public universities of eleven states, two additional public land grant universities, and one private research university.
In that case, according to todayâs announcement, the yearly limit on tax-free gifts to him or her next year is $147,000, up from $145,000 for 2014. Additional gifts to a non-citizen spouse count against your $5.43 million basic exclusion.
The IRS allows an annual gift tax exclusion of $13,000. That means each calendar year you are allowed to give another person $13,000 worth of gifts without paying any extra taxes. There is no limit to the number of individuals you can gift to.