In 2010 and for many prior years the gift tax exclusion, the amount which could be gifted without triggering any gift tax (over and above the annual exclusion amount which is $13,000 in 2010, plus direct qualifying tuition and medical payments) was $1 million. It is $5 million in 2011 and $5 million, indexed for inflation from 2010, in 2012. In 2013, absent future Congressional action, it will drop again to $1 million.
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