US Gift & Estate Taxes 2022 – Gifts, Transfer Taxes

 

 

 

 

 

Tax Implications
Non Citizen may be entitled to annual and lifetime gifttax exclusions and a credit on the applicable estate tax exclusion amount. The following tables summarize the amount in 2022 that can be transferred gift and estate tax free. It is important to consider not only the status of the transferor, but that of the transferee.
Gift Tax Considerations To Citizen To Resident or Non Resident Alien
From Citizen or Resident Alien
- Spouse - Spouse
Unlimited marita deduction Annual exclusion - $164k (2022)
- Non Spouse Lifetime exclusion - $12M
Annual exclusion - $16k - Non Spouse
Lifetime exclusion - $12M Annual exclusion - $16k
Lifetime exclusion - $12M
From Non Resident Alien (US citus property)
- Spouse - Spouse
Unlimited marital deduction Annual exclusion - $164k (2022)
- Non Spouse Lifetime exclusion - N/A
Annual exclusion - $16k - Non Spouse
Lifetime exclusion - N/A Annual exclusion - $16k
Lifetime exclusion - N/A
Extate Tax Considerations To Citizen To Resident or Non Resident Alien
From Citizen or Resident Alien
- Spouse - Spouse
Unlimited marital deduction Applicable exclusion - $12M *
- Non Spouse - Non Spouse
Applicable exclusion - $12M Applicable exclusion - $12M
From Non Resident Alien (US citus property)
- Spouse - Spouse
Unlimited marital deduction Applicable exclusion - $12M *
- Non Spouse - Non Spouse
Applicable exclusion - $60k Applicable exclusion - $12M
*Assets passing to a Qualified Domestic Trust are general eligible for the unlimited marital deduction

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