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Gifts That Outsmart Estate Taxes | Durham News
The federal estate tax exemption is soaring to $15 million per person by 2026, easing worries for many—but there’s a smarter, simpler way to pass on wealth sooner: the annual gift tax exclusion. In 2026, you can gift $19,000 to as many people as you like without filing anything. Married couples can double that to $38,000 per person by electing to split gifts (just file a form, even if no tax is owed). Plus, tools like 529 plans let you “front-load” five years’ worth of gifts at once—$190,000 for a child, tax-free. Over ten years, a couple could move nearly $2 million out of their taxable…
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