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The 5-year gift election allows you to contribute up to 5 years of the annual gift tax exclusion ($18,000 × 5 = $90,000 per person in 2024) at once without triggering gift tax.
The 5-year gift election allows you to contribute up to 5 years of the annual gift tax exclusion ($18,000 × 5 = $90,000 per person in 2024) at once without triggering gift tax.