How much would the gift tax be on 13000.00?

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1152401

2026-07-17 23:55

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As of 2023, the annual gift tax exclusion is $17,000 per recipient, meaning that gifts below this amount do not incur any gift tax. Therefore, a gift of $13,000 would not be subject to gift tax, as it falls under the exclusion limit. However, if a donor exceeds the exclusion limit, they may need to file a gift tax return and potentially pay tax on the amount over the limit.

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