However, tax officials didn’t want people to have to account for every tiny gift they make. The $15,000 annual exclusion amount was the compromise to prevent all but the largest gifts from triggering any IRS requirements. The $15,000 is indexed to inflation, but low inflation rates have kept the amount unchanged since 2018. Beginning January 1, 2011, estates of decedents survived by a spouse may elect to pass any of the decedent’s unused exemption to…