How Much Money Can I Give Away Tax Free?

Answer

Gift tax was introduced to support estate taxes, so that the transfer of money can be done responsibly from one person to another. The most you can give tax-free is $13,000.
1 Additional Answer
In 2012, the maximum amount of money that one can give away that's tax free is $13,000. This amount of money can be given to as many people that the giver wants to give out to.
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