Dan Danford regularly provides commentary for Dad's Divorce.com, a web site for men going through the divorce process. In this week's edition of Money Made Easy, Dan answers this financial question from a viewer: What is the most amount you can give/receive in a year as a gift without it being taxed? I stand to inherit a $15,000 gift this year. Can it be taxed?
Danford, MBA, CRSP of Family Investment Center, explains how the gift tax works and what exemptions apply.
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