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Simple English definitions for legal terms

gift-tax exclusion

Read a random definition: longa manu

A quick definition of gift-tax exclusion:

Gift-tax exclusion refers to the amount of money that can be given as a gift without being subject to taxes. Currently, this amount is up to $10,000 per year. The purpose of this exclusion is to make it easier for people to give gifts without having to worry about taxes, and to help with estate planning. Other types of exclusions exist in insurance policies, which exclude certain events or conditions from coverage. These can include exclusions for automobile use, design defects, and pollution.

A more thorough explanation:

Definition: The amount of money that can be given as a gift without being subject to gift tax. Currently, the annual exclusion is up to $15,000 per person.

Example: If you give your friend $10,000 as a gift, you do not have to pay gift tax on that amount because it falls under the annual exclusion limit.

This definition explains that the gift-tax exclusion is the amount of money that can be given as a gift without being subject to gift tax. The example provided illustrates how the annual exclusion works in practice. It shows that if you give someone a gift that falls under the annual exclusion limit, you do not have to pay gift tax on that amount.

Gifts to Minors Act | gilda mercatoria

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Dkk
19:42
Maybe, didnt happen last time.
19:42
it was hard to not improve it. google search was terrible due to the ads and seo cheaters with buzz words and alt text
Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
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