How much money can they gift to their children
Problem
Barry and Mary have accumulated over $3.8 million during their 50 years of marriage. They have four children and five grandchildren.
How much money can they gift to their children in 2020 without any gift tax liability?
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Barry and Mary have accumulated over $3.8 million during their 50 years. How much money can they gift to their children in 2020 without any gift tax liability?
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