The Capital
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The Capital

Christmas

Gift Giving Just Got Easier With New IRS Limits

It Just Got Easier To Give and Get a Gift Up to $16,000 in 2022

Photo by Karolina Grabowska from Pexels

The IRS just jacked up the amount of gifts that you can give and receive tax-free from $15,000 in 2021 to $16,000 in 2022.

And this applies per person. So you can give as many people as you want (up to a large…

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