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Articles Posted in “Federal Gift Tax”

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The Federal Gift Tax Annual Exclusion is Increased for 2013

The Internal Revenue Service increased the annual gift tax exclusions for 2013. The annual gift tax exclusion amount will increase from the 2012 amount of $13,000 to $14,000 in 2013 for gifts made to anyone other than a person’s spouse. New Jersey does not impose a gift tax, with the…

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