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What Is the Maximum Amount That One Individual Can Give

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What is the maximum amount that one individual can give another each year without paying a gift tax?


Definitions:

Intelligence Quotient

A measure of an individual's cognitive abilities in comparison to the population, typically assessed through standardized tests.

Mental Age

A measure of an individual's cognitive ability compared to the average cognitive ability for their chronological age, often used in assessing intellectual development.

Wilhelm Stern

A German psychologist known for his pioneering work in the field of intelligence measurement and for proposing the concept of the Intelligence Quotient (IQ).

Reynolds Intellectual Assessment Scale

A comprehensive cognitive assessment tool used to evaluate the intelligence and cognitive abilities of children and adolescents.

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