
- each taxpayer is allowed one annual exclusion of up to $13,000 as a donee, there is no limit to the number of donees;
- cumulative gifts to minors up to age 21, only when held in a custodial account until that age;
- direct payments to educational institutions and medical care facilities on behalf of ANY family or nonfamily member;
- one-time lifetime/deathtime exclusion of around $5,000,000 (actual amount varies according to year of gift).