File this under news you can use. The annual gift tax exclusion will increase to $14,000 next year from the current $13,000. The gift tax exclusion is the amount of money someone may give away each year without paying gift tax (or more realistically without reducing the amount of money he may leave tax free at death). When giving away this larger amount, do not forget the blogger who shared this news. He would even settle for the incremental amount.
