annual exclusion

annual exclusion
The amount each year which can be excluded in computing the gift tax on the donor without using the lifetime exemption

Black's law dictionary. . 1990.

Look at other dictionaries:

  • annual exclusion — an·nu·al exclusion n: the maximum amount that a person can give each year as a gift without having to pay a gift tax ◇ The annual exclusion is currently $10,000 per donee. Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • Annual Exclusion — The amount of money that may be transferred by gift from one person to another each year without incurring a gift tax or affecting the unified credit. This amount can be transferred in the form of cash or other assets. The annual exclusion has no …   Investment dictionary

  • annual exclusion — A tax rule allowing the deduction of certain income from taxation. Bloomberg Financial Dictionary …   Financial and business terms

  • annual exclusion gift — A gift that is not subject to federal gift tax because it does not exceed the annual exclusion amount. Category: Wills, Trusts & Estates → Estate Tax Nolo’s Plain English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009 …   Law dictionary

  • annual exclusion amount — The amount that anyone can give to any recipient, free of federal gift tax, in any calendar year. The amount is indexed for inflation and is adjusted by the IRS each year, in $1,000 increments. Category: Wills, Trusts & Estates → Estate Tax… …   Law dictionary

  • exclusion — ex·clu·sion /ik sklü zhən/ n 1: the act of excluding or state of being excluded; specif: refusal of entry into the U.S. by immigration officials review of deportation and exclusion orders compare deportation 2: something that excludes or is… …   Law dictionary

  • Chernobyl Nuclear Power Plant Exclusion Zone — Coordinates: 51°18′0″N 30°0′18″E / 51.3°N 30.005°E / 51.3; 30.005 …   Wikipedia

  • Observatoire National de la Pauvreté et de l'Exclusion Sociale — The Observatoire National de la Pauvreté et de l Exclusion Sociale (ONPES) is an agency of the French government. It aims at assessing poverty and exclusion in France.[1] Overview The Observatoire National de la Pauvreté et de l Exclusion Sociale …   Wikipedia

  • Andrew Jackson: First Annual Message to Congress — ▪ Primary Source              The election of Andrew Jackson in 1828 marked several important changes in American political life. Traditionally, the President had been a member of a previous President s Cabinet, and what is more a man who had… …   Universalium

  • Taxation in the United States — is a complex system which may involve payment to at least four different levels of government and many methods of taxation. United States taxation includes local government, possibly including one or more of municipal, township, district and… …   Wikipedia

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