South Dakota Estate Planning - What Gifts Are Not Taxable?

There is no limit to the amount you can give to your spouse, if you are both U.S. citizens. However, if you are a U.S. citizen but your spouse is not, you can give up to $152,000 to your spouse in 2019. Other common non-taxable gifts are:

  • Tuition costs you pay for another person have no limit, as long as you pay the institution directly.
  • Healthcare costs you pay for another person have no limit, as long as you pay the hospital or medical professional directly.
  • Charitable contributions are also limitless, as long as the charity qualifies.

Do You Need To Speak With A Lawyer About Estate Planning?

If you need to speak with an experienced estate planning lawyer please contact us online or call our office directly at 888.864.9981. We will be happy to discuss your legal options!

Brooke Swier Schloss
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Estate Planning & Family Law Attorney