how much money can i give as a gift tax free
By doing that, she could give even more without tax consequences. How the lifetime exclusion works. If you stay within the $14,000 annual exclusion, giving monetary gifts can be pretty simple. It's when you give more than $14,000 to any one person during the course of a year that things get a bit more complicated. You may have heard of the lifetime exclusion. This is the amount you can give above and beyond the $14,000 annual limit during the course of your life without incurring gift taxes. For 2015 that amount is a whopping $5,430,000 and will go up to $5,450,000 in 2016. With such a high limit, you'd be right to think that most people won't need to be concerned.