![Gift-Tax Exemptions are Treated Differently by IRS and Medicaid](https://planitforward.com/wp-content/uploads/pexels-rodnae-productions-6115201-300x200.jpg)
Gift-Tax Exemptions are Treated Differently by IRS and Medicaid
Most people have heard that each individual is allowed to gift $15,000 per year to another person without paying a gift tax. However, exactly what the gift tax is, and the consequences of going beyond $15,000, are less clear.