January 11, 2025

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What Is The Tax Free Gift Limit For 2025 In Ny

What Is The Tax Free Gift Limit For 2025 In Ny. In other words, giving more. The nys estate tax exemption for 2025.


What Is The Tax Free Gift Limit For 2025 In Ny

Raising the estate and gift tax rates to 55% on taxable transfers of up to $13 million, 60% on taxable transfers between $13 million and $93 million, and 65% on taxable transfers. Married couples may gift up to $38,000 per recipient annually without triggering gift tax or reporting obligations.

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