![](https://dekalaw.com/wp-content/uploads/2024/01/blog_image.jpg)
Author – Peggy Lennon Each year, the IRS sets the amounts that one can give free of federal gift and generation-skipping transfer (GST) tax, to account for inflation. These adjustments impact the lifetime exclusion, which is the amount that one can give free of federal gift and generation-skipping transfer (GST) tax, either at lifetime or...