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    Gift Limits 2020

    2020 Federal Estate & Gift Tax Limits

    • Lifetime- $11.58 million per individual and $23.16 million per couple
    • Annual Gift Exclusion- $15,000 per person per year

    Donors wanting to help someone could gift their down payment to them with potentially no tax consequences to either party. Consult your tax professional to determine if this applies to you.

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