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.
Annual Gift Exclusion. In 2014, you may give someone up to $14,000 in gifts before paying any gift tax. The $14,000 annual gift exclusion is a limit on nontaxable gifts per person, and you may give multiple people up to $14,000 each without incurring any tax liability.However, the amounts of your annual gift exclusions are limited to a lifetime total of $5,3400 ($10,680,000 for married couples for Tax Year 2014.Gift Splitting Married couples may split the value of gifts given together as a couple, which effectively doubles the annual gift exclusion for joint filers.owever, the amounts of your annual gift exclusions are limited to a lifetime total of $5,3400 ($10,680,000 for married couples for Tax Year 2014. Gift Splitting Married couples may split the value of gifts given together as a couple, which effectively doubles the annual gift exclusion for joint filers.