what is maximum annual gift amount
The annual exclusion allows you to give a certain amount to each person every year without making a taxable gift. The amount is indexed for inflation; as of the time of publication, it sits at $14,000 per year.The exclusion applies separately to each person you give money to during the year.n addition to the annual exclusion, you're allowed to give away a certain amount during your lifetime without actually having to pay any gift taxes. As of the time of publication, you can give away $5,430,000 before you start owing gift taxes. For example, say you haven't made any taxable gifts in the past.