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.
In other words, you can give away as much money as you want in any of the above ways, without having to worry about gift tax. Annual Gift Tax Exclusion. For gifts that donât fall under any of the above exclusions, you can still give (for 2014 and 2015) up to $14,000 per year without the gift being taxable. A key point here is that this annual exclusion is per donor, per recipient.