Gift Tax: Annual Exclusions, Lifetime Exemption & Running Totals
This lesson is part of the course
In this lesson
You apply a per-recipient, per-year exclusion to Elsa's gift log with running SUMIFS, track how much of her lifetime exemption is used, find the gift tax once it runs out and plan the next gift.
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Lessons in this course
- Property Tax: Assessment Ratios, Exemptions & Mill Rates Locked
- Reassessments & Capped Increases: A Six-Year Projection Locked
- Net Wealth Tax: Taxable Assets, Debts, Allowances & Brackets Locked
- Imputed Rental Value: Living in Your Own Home & the Mortgage Effect Locked
- Gift Tax: Annual Exclusions, Lifetime Exemption & Running Totals Locked
- Estate Distribution: Residue, Class Shares & Equalising Advances Locked
- Inheritance Tax per Heir: Class Allowances & Rates with XLOOKUP Locked
- Give Now or Inherit Later: After-Tax Value per Heir Locked