Entries by Louis Pierro

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Opportunity Is Still Knocking ~ Gift Tax and Estate Tax Exclusions Are Increasing in 2022

The amount you can gift to any one person without filing a gift tax form is increasing from $15,000 to $16,000 in 2022, the first increase since 2018. Many people remember the $10,000 per person limit, which has increased over the years to $16,000.  Remember – tax law and Medicaid law are like oil and water – there are NO free gifts for Medicaid.