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I'm sorry for grandma of course but I like the 21 dollars in silver coins, sovcit. (lemmy.world)

submitted 1 month ago by [email protected] to c/[email protected]

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[–] [email protected] 16 points 1 month ago (1 children)

The funny thing is, the gift wouldn't be taxed anyway. It's certainly valued less than the multi-million-dollar federal lifetime gift tax exemption (and no state has an exemption under 1 million, either)

[–] [email protected] 4 points 1 month ago (1 children)

There's a yearly limit for gifts at $18k in 2024.

[–] [email protected] 5 points 1 month ago

True, but anything over that just counts toward estate tax, which has the aforementioned exemptions.