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amount,c whichc isc 12.92c millionc forc 2023c exemponc amounts.c Thisc doesc notc meanc therec cannotc bec
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explainsc that,c inc 2023,c therec isc anc annualc gic taxc exemponc ofc $17,000c perc person,c asc wellc asc ac
lifemec exemponc ofc $12.92c millionc perc person.c Thisc isc thec rstc clearc wayc thatc Annc andc Bobc canc
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thenc thec childrenc canc immediatelyc purchasec ac chunkc ofc thec farm.c Asc theirc piecec ofc thec businessc
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theyc wantc toc givec itc toc whoc theyc wantc toc givec itc toc inc thec mostc ecientc wayc possible.
Erskine,c M.c (2022).c Forbes.c IRSc Announcesc Estatec andc Gic Taxc Exemponc Amountsc Forc 2023.c
Retrievedc from:c hps://www.forbes.com/sites/mahewerskine/2022/11/04/irs-announces-estate-
and-gi-tax-exempon-amounts-for-2023/?sh=5532c05c2817
Anderson,c K.,c Hulse,c D.,c andc Rupert,c T.,c Prencec Hall’sc Federalc Taxaonc 2023c Corporaons,c
Partnerships,c Estatesc &c Trusts.c 2023.
AICPAc (Marchc 2021)c Gic Taxc Strategiesc Retrievedc from:c hps://www.360nancialliteracy.org
Dixon,c Amandac (Februaryc 2023)c 5c waysc thec richc canc avoidc thec Estatec Taxc Retrievedc from:c
hps://smartasset.com/
IRSc (Februaryc 2023)c Estatec andc Gic Taxesc Retrievedc from:c www.irs.gov
Kagan,c Juliac (Decemberc 2022)c Whatc isc ac Gic inc Trust,c Howc doesc itc work,c Prosc &c Consc c Retrievedc from:c
hps://www.investopedia.com/
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